Teen, 16, and man, 24, arrested for loansharking activities
AsiaOne
Wednesday, Jun 26, 2013
SINGAPORE - A teen, 16, and a man, 24, were arrested for alleged involvement with loansharking activities.
The male teen was arrested on June 24, at about 9.55 pm, in Yishun Central; a handphone containing entries relating to loansharking activities was seized as evidence.
With the information gathered the police were able to arrest his older accomplice a day later at about 12.35pm in Changi Beach.
He is also believed to have committed several cases of loanshark harassment by splashing paint at debtors' units and scrawling loanshark-related graffiti on walls of HDB blocks.
According to initial investigations the police believe that the duo assisted loansharks by providing debtors' addresses to other runners to carry out loanshark harassment.
Investigations against the teen are still ongoing.
If found guilty the older suspect can be jailed up to 5 years, fined between $5,000 and $50,000 and receive between 3 and 6 strokes of the cane.
[email protected]
