Man, 53, arrested for loanshark activities
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AsiaOne
Wednesday, Jan 22, 2014
SINGAPORE - A 53-year-old man has been arrested for his suspected involvement in loanshark harassment activities.
The suspect was spotted behaving suspiciously at Hougang Street 61 by officers from the Crime Strike Force of Hougang Neighbourhood Police Centre on Tuesday.
A mobile phone containing addresses of loanshark debtors was found on him.
The suspect is believed to have assisted a loanshark syndicate in checking if targeted units had been harassed with paint splashing. He is also alleged to have opened three bank accounts for a loanshark syndicate to facilitate their activities.
He will face court on Thursday for charges under the Moneylenders Act.
First-time offenders found guilty of assisting in assisting loansharks may be fined between $30,000 and $300,000. If convicted, he can also be jailed for up to four years and may be punished with up to 6 strokes of the cane.
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