Yesterday, police arrested a 46-year-old man, who'd become a runner after owing money to a loanshark.
He’s been linked to a series of illegal activities, such as obtaining Automated Teller Machine (ATM) cards and Personal Identification Numbers (PINs) from debtors, helping to verify borrowers’ identifications before the approval of unlicensed loans, publicly promoting the illegal moneylending business via flyers, and debt collection.
A handphone relating to the case was seized during the arrest.
The suspect is expected to be charged in court today. Upon conviction, he faces imprisonment, fine and caning.
Photo: Victor via Wylio
Read Also: Loanshark cases reducing even further in Singapore
Yesterday, police arrested a 46-year-old man, who'd become a runner after owing money to a loanshark.
He’s been linked to a series of illegal activities, such as obtaining Automated Teller Machine (ATM) cards and Personal Identification Numbers (PINs) from debtors, helping to verify borrowers’ identifications before the approval of unlicensed loans, publicly promoting the illegal moneylending business via flyers, and debt collection.
A handphone relating to the case was seized during the arrest.
The suspect is expected to be charged in court today. Upon conviction, he faces imprisonment, fine and caning.
Photo: Victor via Wylio
Read Also: Loanshark cases reducing even further in Singapore