SINGAPORE: A 30-year-old man has been arrested for his suspected involvement in loan-sharking activities, the police said in a news release on Thursday .
The police said they were alerted on Nov 5 to two separate cases of loan shark harassment at residential units along West Coast Road and Ang Mo Kio Avenue 5.Following investigations, officers from the Criminal Investigation Department, Clementi Police Division and Ang Mo Kio Police Division identified the man and arrested him the following day.
In the case of a second or subsequent conviction, offenders shall be liable to a fine of not less than S$6,000, and not more than S$60,000, with mandatory imprisonment of between two to nine years, and mandatory caning of up to 12 strokes.“Those who cause hurt, endanger lives, deliberately vandalise properties, or cause annoyance and disruptions to public peace and security will be arrested and dealt with severely in accordance with the law,” they added.
The public can call the police or the X-Ah Long hotline at 1800-924-5664 if they suspect or know of anyone who could be involved in illegal loansharking activities.