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123 arrested for loan shark activities in 3-day blitz

  • 📰 The Straits Times
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Singapore - The police arrested 123 suspects for loan shark activities in a three-day operation carried out between Tuesday (Aug 13) and Thursday across multiple locations in Singapore.. Read more at straitstimes.com.

Singapore - The police arrested 123 suspects for loan shark activities in a three-day operation carried out between Tuesday and Thursday across multiple locations in Singapore.

The police said 90 of the arrested suspects are believed to have opened bank accounts and given away their ATM cards and personal identification numbers to loan sharks to facilitate their unlicensed moneylending businesses. Activities for loan sharks include opening a bank account, distributing pamphlets, acting as a look-out, being a runner or acting as a harasser.

 

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