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Loanshark suspects arrested with stack of "hell" notes
Posted: 30 September 2011 1535 hrs
Police have arrested six suspects in connection with various loansharking activities after an island-wide operation was conducted on Thursday by officers from the Criminal Investigation Department (CID) and the Police Intelligence Department (PID). -- PHOTO: SPF
SINGAPORE: Police arrested six suspected members of a loanshark syndicate. One of them is a 45-year-old man who's believed to be running the syndicate.
The suspects, aged between 21 and 45 years, were nabbed on Thursday in raids at various areas, including Serangoon, Bedok, Yishun, Changi, Ang Mo Kio, Marine Parade, and Jurong.
During the seven-hour operation, police seized more than S$4,400 in cash, 17 mobile phones, ATM cards, a laptop and a stack of "hell" notes.
Police believe the syndicate is responsible for mailing "hell" notes to harass debtors who could not pay up on time.
Three of the suspects will be charged in court on Friday.
- CNA/ck
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