Three debtors-turned-loanshark runners arrested
AsiaOne Friday, May 15, 2015
SINGAPORE - Police have arrested one man and two women, aged between 33 and 47, for their suspected involvement in three separate loansharking harassment cases.
The two female suspects, aged 43 and 47, are believed to have assisted to procure Automated Teller Machine cards and Personal Identification Numbers from other debtors to facilitate unlicensed moneylending activities.
The male suspect is believed to have assisted to retain a debtor's national registration identification card (NRIC) and Singapore driving licence.
The man, 33, and women were arrested on May 14 between 5.05pm and 9.37pm at Bukit Batok West Avenue 5 and Bukit Batok Central respectively.
A total of seven ATM cards and three handphones were seized in connection to the cases.
All three suspects will be charged in State Courts on May 16.
Under the Moneylenders Act 2010 (Revised Edition), first-time offender found guilty of carrying on the business as an unlicensed moneylender or assisting in the business of unlicensed moneylending may be fined not less than $30,000 and not more $300,000, be imprisoned for a term not exceeding four years and shall also be liable to be punished with caning not more than six strokes.
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