Parliament to get tough on loan sharks
STIFF measures to combat loan sharks and their assistants are set to be introduced when Parliament sits on Monday.
Rachel Chang
Sat, Nov 21, 2009
The Straits Times
STIFF measures to combat loan sharks and their assistants are set to be introduced when Parliament sits on Monday.
These are to be spelt out in amendments to the Moneylenders Act, with an eye on penetrating loan shark syndicates to stop their unrelenting and ruthless methods in getting borrowers to pay up.
This loan shark problem was raised in Parliament in August, when MPs like Madam Cynthia Phua (Aljunied GRC) noted a rise in their terrorising ways.
For more The Straits Times stories, click here.