7 nabbed for suspected involvement in loanshark syndicate
Posted: 20 March 2012 2300 hrs
SINGAPORE : Police have arrested seven people, including four Singaporeans and three Vietnamese, who are believed to be part of a loanshark syndicate.
The suspects are aged between 31 and 46.
They were nabbed in simultaneous raids in areas such as Serangoon and Hougang.
More than S$70,000 in Singapore and foreign currency was seized.
Several mobile phones, bank cards, a bank book, credit cards and notebooks were also seized.
Initial investigations revealed that the suspects were involved in recruiting Vietnamese to come to Singapore to carry out loanshark harassment acts.
They also provided accommodation for the Vietnamese harassers after they entered Singapore.
- CNA/ms
