Three arrested for loansharking
activities
Police have arrested three men aged between 24 and 27 years-old
for alleged involvement in loansharking activities in two separate
cases.
In the first case, a 24-year-old man was arrested yesterday at
about 5.15 pm in the vicinity of Yishun Central.
Police officers were conducting anti-crime patrols when they
spotted the suspect behaving suspiciously.
Preliminary investigation indicated that the suspect assisted
loansharks in carrying out bank transfers.
In the second case, two 27 year-old men were arrested near
Hougang Avenue 10 at about 2.45 am.
Police officers recognised one of the two men as a suspect in a
recent loanshark harassment case in the same area from CCTV
footage.
Subsequent checks found that the pair had marker pens, cans of
paint, bank transaction receipts and ATM cards in their
possession.
All three suspects will be charged in court tomorrow morning for
offences under the Moneylenders' Act 2008.
First-time offenders found guilty of assisting an unlicensed
moneylender may be fined up to 200,000 dollars, or imprisoned for
up to two years, or both.
First-time offenders convicted of loanshark harassment may be
fined up to 40,000 dollars or jailed for up to three years, or to
both.
Caning will be imposed on those who cause damage to property or
harm to others while committing the offences.
--938Live
