Loanshark jailed 33 months and fined $520k

[Ultŕaman]

Loanshark jailed 33 months and fined $520k

Published on Oct 18, 2012
By Elena Chong

An unemployed man was jailed for 33 months and fined $520,000 on Thursday for carrying on business as an unlicensed moneylender.

Chua Chee Kian, 40, had pleaded guilty to 13 charges of unlicensed moneylending and one of money-laundering. Another 29 charges were taken into consideration.

A district court heard that he began giving out loans to various persons introduced by mutual friends in 2010.

When his found the number of debtors increasing quickly, he contacted his friends to help him carry on the illegal business.

Read the full report in The New Paper on Thursday (Oct 18).

 

[monkey111]

ultra mam !

 

[KuTuu]

Fine of 520k is huge. hes dirty business ust be very big

 

[hokkien]

How come no canning?

 

[Cufflinks]

How come no canning?

Could it be that it's a non violent crime?

Noted that the story in the other thread about the guy who tried to slash someone, he certainly got caning.

 

[Pervert]

How come no canning?

Tomorrow I go ask again.Sigh. U make me very busy leh

 

[hokkien]

Tomorrow I go ask again.Sigh. U make me very busy leh

Bro pervert you go changi and ask meanwhile enjoy your stay hor

 

[hokkien]

Could it be that it's a non violent crime?

Noted that the story in the other thread about the guy who tried to slash someone, he certainly got caning.

Bro I was told that ah long got caning some even masuk section 55

 

[Cufflinks]

Bro I was told that ah long got caning some even masuk section 55

Really? Thanks for clarifying.

 

[hokkien]

Really? Thanks for clarifying.

Dont mention bro

 

[Cufflinks]

Dont mention bro

Can learn quite a lot from this forum, hahaha.

 

[hokkien]

Can learn quite a lot from this forum, hahaha.

Agreed
Better learn the right things lo