2 arrested for involvement in loanshark activities

SINGAPORE - Police have arrested a 48-year-old woman and a 32-year-old man for involvement in loanshark activities in two separate cases.

On Sep 24, at around 6.15pm, officers from Ang Mo Kio Police Division arrested the female suspect after conducting follow-up investigations.

She is believed to have given away her ATM card and Personal Identification Number to facilitate unlicensed moneylending for a loanshark syndicate. Investigations are currently ongoing.

In the second case, a male suspect was arrested on Sep 24 at around 2.40pm. The 32-year-old was spotted behaving suspiciously in the vicinity of Rivervale Crescent.

Police officers conducted a check on him and found loanshark harassment paraphernalia such as gloves and bicycle locks.

Preliminary investigations indicate that he had committed loanshark harassment activities in the housing estate by securing debtors' units with the bicycle locks.

The suspect will appear in court on Thursday.

First-time offenders found guilty of assisting in the carrying on of the business of an unlicensed moneylender may be fined up to $300,000, face a jail term up to four years and receive up to six strokes of the cane.