Man arrested for loanshark harassment in Yishun, allegedly involved in at least 14 other cases
A 25-year-old man was arrested on Feb 4 for his suspected involvement in loanshark harassment at a residential unit along Yishun Ring Road.
The police said they were alerted to the case on Jan 29, at around 11.30am.
The main gate and door of the unit was found splashed with red paint. A debtor's note was also discovered outside the unit and seized as a case exhibit.
Preliminary investigations revealed that the man is allegedly involved in at least 14 other similar cases of loanshark harassment reported islandwide.
The man was charged in court on Feb 6 under the Moneylenders Act 2008.
For first-time offenders, the offence of loanshark harassment carries a fine between $5,000 and $50,000, with up to five years in jail and up to six strokes of the cane.
The police said they have zero tolerance for loanshark harassment activities and added: "Those who deliberately vandalise properties or cause annoyance and disruption to public safety and security will be dealt with severely in accordance with the law."
Members of the public are advised to stay away from loansharks and not work with or assist them in any way. Call the police at '999' if they suspect or know of anyone who could be involved in loansharking activities.
