3 arrested for alleged involvement in illegal moneylending activities

3 arrested for alleged involvement in illegal moneylending activities

Three men, aged between 25 and 48, have been arrested by the police for their alleged involvement in three separate loansharking harassment cases.

Between 5.05pm to 9.20pm on May 11, officers from Jurong Police Division received information that prompted the arrest of the three suspects at Bukit Batok Central, Jurong East Central 1 and along Woodlands Ave 6 respectively.

They were arrested for procuring Automated Teller Machince (ATM) cards and Personal Identification Numbers (PIN) to carry out unlicensed moneylending activities.

Police managed to seize a total of 10 ATM cards and three handphones from all the suspects.

Investigations against the 48-year-old suspect is still ongoing.

First-time offenders found guilty of being involved in illegal moneylending activities may be fined at least $30,000 and no more than $300,000, face a prison term of no more than four years and may also face a maximum of six strokes of the cane.

ssandrea@sph.com.sg

 

More about

Purchase this article for republication.

BRANDINSIDER

SPONSORED

Most Read

Your daily good stuff - AsiaOne stories delivered straight to your inbox
By signing up, you agree to our Privacy policy and Terms and Conditions.