Loansharking-related arrests

QX179R SG

Another two loanshark runners arrested

Police have arrested two men for loansharking activities.

The two Chinese men were arrested yesterday morning after police received a tip-off.

The first suspect, a 46 year old man, was arrested in the vicinity of Woodlands Estate.

The suspect was found to be in possession of some ATM cards, handphones and a SIM card.

Following the arrest, officers conducted extensive probes and carried out another raid at Pasir Ris Estate where they arrested a 39-year-old male suspect for a similar offence.

Some ATM cards, one handphone and a stack of bank transfer slips were seized from the second suspect upon his arrest.

The two suspects will be charged in Court tomorrow for assisting in the business of an unlicensed moneylender.

First-time offenders found guilty of assisting in the business of an unlicensed moneylender may be fined up to $200,000 or imprisoned up to 2 years or both.

--938Live

Chew Bakar SG

Wonder why suddenly the surge in arresting the loan sharks.

Finance institutions no business????

Stage SG

wonder why they call it sharks in the first place.

caleb_chiang SG

Wonder why suddenly the surge in arresting the loan sharks.

Finance institutions no business????

没办法。。。财务公司不借，阿窿借囖。。。

Chew Bakar SG

wonder why they call it sharks in the first place.

Dunno, because they are fierce? Chomp, chomp...

lianamaster SG

wonder why they call it sharks in the first place.

They behave like predators, go around create trouble like sharks... most fishes see shark will swim away. Similarly, those no-brainers who got the guts to borrow from them, see those loansharks will run away like timid mice.

Chew Bakar SG

Sharks don't really kill unless they are hungry or provoked unless caught in a feeding frenzy.

Human sharks behave differently.

lianamaster SG

Sharks don't really kill unless they are hungry or provoked unless caught in a feeding frenzy.

Human sharks behave differently.

LoL...

QX179R SG

Breakthrough from CCTV footage leads to loanshark runner's arrest

Closed circuit TV footage helped Police arrest a 41-year-old Chinese man yesterday for suspected involvement in a series of loansharking harassment cases.

Police found CCTV footage of the suspect when they investigated a report of loanshark harassment at Serangoon Central Drive last Thursday.

The image was circulated.

A breakthrough came yesterday, when an officer from Ang Mo Kio Police Division spotted the suspect while he was attending to other duties.

The suspect was arrested.

Handphones and bank transaction receipts were also seized after follow-up investigations.

Preliminary investigations revealed that the subject was a debtor-turned-runner .

He’s believed to be involved in multiple cases of loanshark harassment island-wide.

The subject will be charged in Court tomorrow.

--938Live

QX179R SG

Two loanshark runners arrested

Police have arrested two teenagers for loansharking activities.

The two Malay youths, aged 15 and 21 years old, were arrested at Yishun estate this morning.

The suspects had with them cans of paint and suspected debtors' records.

Fresh loanshark-related writings were also found on the wall of a nearby block.

The 21-year-old will be charged in Court on Saturday for loanshark harassment under the Moneylenders Act 2008.

The other will be released on bail pending further investigation.

--938Live

lianamaster SG

Haiz...

QX179R SG

Police smash loansharking syndicate

Police have arrested six people believed to be involved in a loansharking syndicate.

The five men and one woman were nabbed in an operation that started last night and ended early this morning.

It's believed the syndicate is responsible for more than 180 loanshark-related harassment cases islandwide.

Officers raided various places in locations in Jurong, Woodlands and Balestier.

They also seized items including some $19,000 cash, mobile phones and laptop computers.

The five men will be charged in court tomorrow while the woman has been released on bail pending further investigations.

If convicted of assisting illegal moneylenders with their business, first time offenders could be fined up to $200,000 jailed a maximum of two years or both.

--938Live

QX179R SG

Private ambulance driver a suspect in over 200 cases of loanshark harassment

SINGAPORE: Police have arrested two men for suspected involvement in more than 200 cases of loansharking harassment islandwide.

The men, aged 18 and 30, were nabbed on Monday following a report by a victim who found paint splashed on the door of her home at Jelapang Road last Thursday night.

She spotted a suspicious man leaving the area in a private ambulance and called the police.

On Monday, officers from the Jurong Police Division mounted an operation to arrest the 30-year-old suspect, a private ambulance driver. He is believed to be a debtor himself and used his company's ambulance illegally to conduct loansharking activities.

Various loanshark-related paraphrenalia, including plastic packets filled with paint and boxes of coloured crayons were found at the back of the vehicle. Other items seized included ATM cards, two mobile phones and two notebooks.

Police also arrested the accomplice on the same day and investigations showed that the two had met via an Internet chat line.

Both suspects will be charged on Wednesday and if found guilty of loanshark harassment, they face a fine of between S$4,000 and S$40,000, or up to three years' jail, or both.

They could also be caned if they had caused damage to property or harm to others while committing the harassment.

- CNA/vm

QX179R SG

Four youths arrested for assisting illegal moneylenders

SINGAPORE: Four teenagers, aged between 16 and 19, were arrested on Monday morning for suspected involvement in loansharking activities.

Police said two of the youths were nabbed in the Punggol area, while the other two were arrested in nearby Sengkang.

The police also seized ATM cards, bank books, bank transfer receipts, computers and headphones.

Preliminary investigations revealed that the youths had opened several accounts on behalf of loansharks for illicit moneylending activities via bank transfers.

If found guilty under the charge of assisting illegal moneylenders, first-time offenders face a fine of between S$20,000 and S$200,000 or a two-year jail sentence, or both.

- CNA/so

QX179R SG

Police bust another loanshark syndicate

Police smashed a loanshark syndicate in an islandwide raid on Wednesday.

Officers swooped down on several places located in areas such as Jurong, Redhill Close as well as Yio Chu Kang and arrested five men.

The authorities nabbed two more suspects at the Woodlands Checkpoint as they were returning to Singapore.

The seven Singaporean Chinese men are aged between 23 and 38 years old.

Officers also seized items including mobile phones, laptop computers and what's believed to be records of debtors

The syndicate is allegedly linked to some 350 loanshark harassment reports islandwide.

Three of the men have been released on bail while investigations are still ongoing for the remaining suspects.

If convicted of assisting illegal moneylenders with their business, first time offenders could be fined up to 200 thousand dollars, jailed a maximum of two years or both.

--938Live

QX179R SG

Police bust loansharking syndicate in islandwide operation, 10 arrested

SINGAPORE: Nine men and a woman have been arrested for their suspected involvement in a loansharking syndicate. It is the second such syndicate to be cracked down in as many weeks.

On July 1, police arrested seven others in connection with another syndicate.

In the latest operation, officers from the Criminal Investigation Department and Police Intelligence Department fanned out islandwide to conduct raids at several locations in Bedok, Bukit Batok, Ang Mo Kio, Geylang, Yishun and Haig Road.

They arrested the ten, aged between 26 to 45 years. Officers seized about S$9,000 in cash, laptops, mobile phones, computer storage devices, ATM cards and bank transaction slips.

Preliminary investigations showed that the syndicate might have around 500 debtors linked to it. It could also be behind more than 900 cases of harassment.

First-time offenders found guilty of operating or helping in an unlicensed money lending business may be fined between S$20,000 and S$200,000, or face up to two years' jail, or both. Repeat offenders face a fine of up to S$200,000 and up to five years' jail.

First-time offenders guilty of harassing debtors could be fined between S$4,000 and S$40,000, or jailed up to three years, or both. They could also be caned if anyone was hurt or if any property was damaged during the harassment.

- CNA/vm

QX179R SG

Two youths arrested for loanshark activities

The police arrested two Malay youths aged 17 and 21 years old on Monday (13th July) for suspected involvement in loanshark harassment activities.

Officers from Tanglin Police Division mounted anti-loanshark operations in the area following reports of several loanshark harassment cases at the Upper Aljunied and Joo Seng HDB estate in early July.

The two youths were arrested after they were caught loitering at the Joo Seng carpark with seven cans of paint, red markers and superglue.

Both suspects will be charged in court on Wednesday (15 July) under the Moneylenders Act 2008.

First-time offenders found guilty of loanshark harassment may be fined a minimum of 4,000 dollars and a maximum of 40,000 dollars.

They can also be jailed up to three years or both or caned.

--938Live

Chew Bakar SG

Times are bad so many loan shark activities.

QX179R SG

Two youths arrested for loanshark harassment

Police have arrested two youths aged 16 and 18 for loanshark harrassment.

Earlier this month, the two had been caught on CCTV painting loanshark-related graffiti on the walls of a HDB flat around Hougang Ave 8.

As police were on patrol yesterday at around 4.00pm, they spotted the two youths acting suspiciously.

Upon further checks, the police recognised the youths from the CCTV footage and arrested them.

The two suspects are out on bail, pending further investigations.

First time offenders found guilty of loanshark harassment face a maximum punishment of three years jail, a fine of $40,000 and caning.

--938Live

QX179R SG

Six youths arrested for suspected loanshark activities

SINGAPORE: Six male Chinese youths were arrested for suspected involvement in loansharking activities on Thursday.

They were arrested when police officers conducted a series of anti-loansharking operations in the vicinity of Guillemard Road, Geylang and Sims Drive. The suspects are aged between 16 and 22.

One of the suspects – a 17-year-old – was arrested in the vicinity of Guillemard Road, while the rest were arrested near Sims Drive.

Handphones with addresses believed to belong to debtors and cash amounting to S$4,020 were seized.

Four of the suspects will be charged in court on Saturday under the Moneylenders Act for assisting an unlicensed moneylender to carry out business. The other two suspects will be released on bail pending further investigations.

First-time offenders found guilty of assisting an unlicensed moneylender in carrying out his business may be fined between S$20,000 and S$200,000 or face up to two years' jail, or both.

- CNA/so

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