Man nabbed for loanshark harassment in Yishun on same day, involved in other similar cases
A 26-year-old man was arrested for loanshark harassment at a residential unit in Yishun Avenue 4.
The unit's main gate had been locked with a bicycle lock. A debtor's note had also been pasted on the main door.
The police were alerted to the case on Jan 20 and arrested the man on the same day.
Preliminary investigations revealed that he is allegedly involved in other similar cases of loanshark harassment islandwide.
The man was charged in court on Jan 22 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. 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.
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