Man Arrested For Loanshark Harassment Within Seven Hours

The Police have arrested a 21-year-old man for his suspected involvement in a case of loanshark harassment.

On 22 July 2024 at about 7.45am, the Police were alerted to a case of loanshark harassment at a residential unit along Yishun Avenue 6, where the exterior of the residential unit was splashed with red paint and a debtor's note was affixed on the wall beside the unit.

Through ground enquiries and with the aid of images from Police cameras, officers from Woodlands Police Division established the identity of the man and arrested him within seven hours . Preliminary investigations revealed that the man is allegedly involved in other similar cases of loanshark harassment islandwide.

The accused will be charged in court on 23 July 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 mandatory caning of up to six strokes.

The Police have zero tolerance for loanshark harassment activities. Those who deliberately vandalise properties, cause annoyance and disruption to 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.