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Two arrested for using false contact information to borrow from loansharks
Posted: 15 July 2011 1720 hrs
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SINGAPORE: Police arrested two men who are alleged to have provided false contact information to obtain loans from loan sharks.
The suspects, aged 36 and 59, were caught separately on July 14.
Police said the two cases were reported in June and July.
The suspects are believed to be debtors who obtained loans from loan sharks by using their previous residential addresses.
This caused the new residents to face the brunt of the loan shark harassment which were supposedly directed at them.
The suspects are also being investigated for failing to report the change in their residential addresses under the National Registration Act.
The offence carries a maximum fine of S$5,000 and a jail term of up to five years.
- CNA/ck
