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April 7, 2009
2 loansharks arrested <!--10 min-->
<!-- headline one : start --> <!-- headline one : end --> <!-- Author --> <!-- show image if available --> <table width="100%" border="0" cellpadding="0" cellspacing="0"> <tbody><tr></tr> <tr> </tr> <tr> </tr> <tr><td colspan="2" class="padlrt8 georgia11 darkgrey bold">By Derrick Ho
</td></tr> </tbody></table> <!-- START OF : div id="storytext"--> TWO men suspected of loansharking activities were arrested on Monday morning. At about 2.20am, Police conducting a road block in the vicinity of Yishun housing estate found a stack of cash deposit receipts and ATM cards in a car they stopped. Marker pens, a few cans of paints and debtor records were also found, said a police statement on Tuesday.
The two suspects, both Chinese, aged 38 and 42, were immediately placed under arrest for their suspected involvement in loansharking activities.
Both men will be charged in Court on Tuesday with assisting an unlicensed moneylender by harassing the borrower and besetting the residence.
If convicted, a first-time offender may face a maximum $40,000 fine, or three years jail, or both. He may also get four strokes of the cane if damage was caused to any property.
April 7, 2009
2 loansharks arrested <!--10 min-->
<!-- headline one : start --> <!-- headline one : end --> <!-- Author --> <!-- show image if available --> <table width="100%" border="0" cellpadding="0" cellspacing="0"> <tbody><tr></tr> <tr> </tr> <tr> </tr> <tr><td colspan="2" class="padlrt8 georgia11 darkgrey bold">By Derrick Ho
</td></tr> </tbody></table> <!-- START OF : div id="storytext"--> TWO men suspected of loansharking activities were arrested on Monday morning. At about 2.20am, Police conducting a road block in the vicinity of Yishun housing estate found a stack of cash deposit receipts and ATM cards in a car they stopped. Marker pens, a few cans of paints and debtor records were also found, said a police statement on Tuesday.
The two suspects, both Chinese, aged 38 and 42, were immediately placed under arrest for their suspected involvement in loansharking activities.
Both men will be charged in Court on Tuesday with assisting an unlicensed moneylender by harassing the borrower and besetting the residence.
If convicted, a first-time offender may face a maximum $40,000 fine, or three years jail, or both. He may also get four strokes of the cane if damage was caused to any property.
