Singapore Police Force

06/21/2024 | Press release | Distributed by Public on 06/22/2024 05:14

Duo Arrested For Loanshark Harassment

The Police have arrested two men, aged 35 and 56, for their suspected involvement in a case of loanshark harassment.

On 17 June 2024 at about 12.50am, the Police were alerted to a case of loanshark harassment at a residential unit along Rivervale Drive, where the gate of the residential unit was secured with an additional padlock.

Through follow-up investigations and with the aid of images from Police cameras, officers from Ang Mo Kio Police Division established the identities of the two men and arrested them on 20 June 2024. Preliminary investigations revealed that the two men are believed to be involved in other similar cases of loanshark harassment.

The two men will be charged in court on 22 June 2024 under the Moneylenders Act 2008. For first-time offenders, the offence of loanshark harassment carries a fine between $5000 and $50,000, with imprisonment of up to five years, and caning of up to six strokes.

The Police have zero tolerance for loanshark harassment activities. Those who deliberately vandalise properties, cause annoyance or disrupt public safety, peaceand security, will be dealt with severely in accordance with the law.

Members of the public are advised to stay away from loansharks and not to work with or assist them in any way. The public can call the Police at '999' or the X-Ah Long hotline at 1800-924-5664 if they suspect or know of anyone who could be involved in loansharking activities.

Photo of affected unit

21 June 2024 @ 8:30 PM