Man Arrested For Loanshark Harassment

The Police have arrested a 48-year-old man for his suspected involvement in a case of loanshark harassment.

On 28 August 2024 at about 12.35 am, the Police were alerted to a case of loanshark harassment along Punggol Central, where a debtor's note was left at the gate of a residential unit.

Through follow-up investigations and with the aid of images from CCTVs and Police cameras, officers from Ang Mo Kio Police Division established the identity of the man and arrested him on the same day the report was made. A debtor's note, a notebook and a blue marker were seized as case exhibits.

The man will be charged in court on 30 August 2024 under the Moneylenders Act 2008. For first-time offenders, the offence of loanshark harassment carries a fine between $5,000 and $50,000, with imprisonment of up to five years, and caning of up to six strokes.

The Police have zero tolerance for loanshark harassment activities. Those who deliberately vandalise properties, cause annoyance or disrupt public safety, peace and security, will be dealt with severely in accordance with the law.

Members of the public are advised to stay away from loansharks and not to work with or assist them in any way. The public can call the Police at '999' or the X-Ah Long hotline at 1800-924-5664 if they suspect or know of anyone who could be involved in loansharking activities.

Photo of debtor note seized▼