- Joined
- Nov 30, 2011
- Messages
- 213
- Points
- 0
3 men arrested for loanshark activities
<iframe class="vqkldpvczunczpchfish" src="//www.youtube.com/embed/xwXq9SeBi9k?rel=0" allowfullscreen="" frameborder="0" height="360" width="640"></iframe>
AsiaOne
Monday, Apr 07, 2014
SINGAPORE - Police have arrested three men, aged 66, 41 and 17, for their suspected involvement in loansharking activities in two separate cases.
In the first case, police arrested a 66-year-old man at Woodlands Street 11 on Sunday for assisting a loanshark syndicate in collecting Automated Teller Machine (ATM) cards and Personal Identification Numbers (PIN).
Through follow up investigations on his arrest, Police officers laid an ambush and arrested another suspect, a 41-year-old man,at Aljunied Road.
The second man is believed to be a debtor-turned-runner who also assisted the loanshark syndicate by collecting ATM cards and PINs. A total of seven ATM cards, a stack of ATM transaction receipts and three handphones were seized from both men.
In another case, officers arrested a 17-year-old male on Monday for sourcing and recruiting people to commit loanshark harassment at borrowers' units.
Both the 41-year-old and 17-year-old suspects will be charged in Court on Tuesday.
First-time offenders found guilty of assisting in the carrying on of the business of an unlicensed moneylender may be fined between $30,000 and $300,000. They can also be imprisoned for up to four years and given up to six strokes of the cane.
Investigations against the 66-year-old suspect in the first case are still ongoing.
