Borrow money is a crime in Singapore!

rainnix

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What the fuck is WKS thinking??? :oIo:

http://www.channelnewsasia.com/stories/singaporelocalnews/view/422746/1/.html

Home Affairs Ministry to consider borrowing from loansharks an offence
By S Ramesh, Channel NewsAsia | Posted: 16 April 2009 1510 hrs

SINGAPORE: Singapore's Home Affairs Ministry is considering making borrowing from loansharks an offence in the country.

Speaking at the annual Police Workplan seminar on Thursday, Deputy Prime Minister and Home Affairs Minister Wong Kan Seng noted that while the overall crime figure has fallen by three per cent from January to March this year as compared to the same period in 2008, unlicensed moneylending harassment cases for this period have almost doubled.

It has gone up from 2,066 cases to 3,993 cases.

To step up efforts to combat this public menace, police have recently acquired more CCTVs which will be installed at harassment-prone sites to detect loan sharks and harassers in the act.

Mr Wong said such CCTV footage will also aid police investigations.

Another step would be to make borrowing from loansharks an offence.

He said this would hold borrowers accountable if their reckless borrowing or gambling habits endanger the safety and security of the community.

The Home Affairs Minister revealed that from the arrests made, police conclude that many borrowers eventually joined the loanshark criminal organisation as runners to carry out harassment and vandalism - hence the need to nip the problem decisively on the bud.

Mr Wong also touched on manpower challenges being faced by the Singapore Police Force.

He said the Ministry recognised that resources were stretched and it has been working with police commanders and senior leaders to address this.

The Ministry will be creating 220 new frontline staff posts at existing Neighbourhood Police Centres.
- CNA/yb
 
yea, when i see the news, i am shock too and it seems that being poor is a crime.

somemore the imcompetent police cannot catch loan shark so they make such law to shield themselves.
 
You borrow from Bank let say $500,00.00 for 15 years, do you
know how much by the end of 15 years probably $1.3million, this legal
Loan Shark! First 10 years you cover the interest the next 5 years you pay the capital!!

Bloody Bank 10 times worst than loan shark, & get away with murder!!
:oIo:
 
good work done ... no demand = no supply . a lot of people borrow from ah long then call the police ....knn ! ah long also running a business not a charity . no one force them to borrow from ah long .
 
The home ministar is joke....ah long's out there, must be laughing their head off...they lend you money..you can't pay...you go to jail!....what a joke!
 
I borrow money from HDB, is that a crime??
And HDB lent me money, are they committing a crime??
WKS please answer.
 
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