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Man arrested for using old address for illegal loans

Montagut

Alfrescian
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Man arrested for using old address for illegal loans


AsiaOne Friday, Jan 30, 2015


SINGAPORE - Police have arrested 54-year-old man for using his old residential address to obtain illegal loans from loansharks.

Police said the current occupants were harassed by loansharks and acting on a report, officers arrested the suspect at Bukit Batok East Ave 4 on Thursday at about 11.15am.

Investigations against the man are ongoing.

Under the Moneylenders Act, any person who is guilty of providing false contact information to obtain loans from loansharks faces a minimum jail term of 12 months.

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