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Jul 21, 2010
Loanshark runner arrested
<!-- by line --> By Carmen Woo
A 25 YEAR-OLD man was arrested in connection with unlicensed moneylending activities on Tuesday.
Officers from Tanglin Police Division were mounting an ambush at Toa Payoh when they spotted a man behaving suspiciously, a police statement said.
The officers conducted a check on him and found some loanshark-related paraphernalia such as a bank book, several ATM cards with bank slips and two markers.
Preliminary investigations revealed that the suspect is a debtor-turned-runner and was believed to be involved in loansharking activities.
The suspect will be charged in Court on Wednesday.
