Police have apprehended two men and one woman for suspected involvement in loansharking activities in three separate cases.
On Oct. 7, officers from Ang Mo Kio Police Division nabbed a 33-year-old male suspect at Sengkang Square.
Investigations revealed that the culprit was a debtor who’d taken illegal loans using his previous residential address, causing the flat's current occupants to be harassed by loansharks.
The suspect is undergoing interviews for failing to report the change of address under the National Registration Act. If found guilty for failing to inform the change of address, he will face a $5,000 fine, and imprisonment of at least five years, or both.
In the second case on Oct. 8, a 61-year-old male suspect was arrested at Ang Mo Kio Avenue 9 for facilitating loansharking activities by opening bank accounts for use.
In a separate case on Oct. 8, police officers captured a 50-year-old female culprit at Sengkang Square for passing her ATM card to a loanshark syndicate for their illegal moneylending business.
Investigations against all suspects are still on-going. Upon conviction, they’ll each face at least $30,000, a jail term of four years and caning for assisting in unlicensed moneylending.
Photo: Wylio
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Police have apprehended two men and one woman for suspected involvement in loansharking activities in three separate cases.
On Oct. 7, officers from Ang Mo Kio Police Division nabbed a 33-year-old male suspect at Sengkang Square.
Investigations revealed that the culprit was a debtor who’d taken illegal loans using his previous residential address, causing the flat's current occupants to be harassed by loansharks.
The suspect is undergoing interviews for failing to report the change of address under the National Registration Act. If found guilty for failing to inform the change of address, he will face a $5,000 fine, and imprisonment of at least five years, or both.
In the second case on Oct. 8, a 61-year-old male suspect was arrested at Ang Mo Kio Avenue 9 for facilitating loansharking activities by opening bank accounts for use.
In a separate case on Oct. 8, police officers captured a 50-year-old female culprit at Sengkang Square for passing her ATM card to a loanshark syndicate for their illegal moneylending business.
Investigations against all suspects are still on-going. Upon conviction, they’ll each face at least $30,000, a jail term of four years and caning for assisting in unlicensed moneylending.
Photo: Wylio
Read Also:
Sleazeball couple made over $1m from providing illegal sexual services in pubs