3 arrested for loanshark activities

3 arrested for loanshark activities

SINGAPORE - Police have arrested three men, aged between 23 and 45 years, for their suspected involvement in loansharking activities in three separate cases.

In the first case, on Nov 26, 2013 at about 6pm, through follow-up investigations on loansharking activities, officers from the Ang Mo Kio Police Division arrested a 45-year-old man in the vicinity of Ang Mo Kio Avenue 9.

Preliminary investigations indicate that he is a debtor who had used his previous residential address to obtain loans from loansharks. This caused the current owner and occupants of his previous residence to became innocent victims of harassment by the loansharks.

Investigations also showed that the man had failed to report the change of his residential address within 28 days.

In the second case, on Nov 26, 2013 at about 6.05pm, an off-duty police officer from Bedok Police Division spotted the 23-year-old man behaving suspiciously at an Automated Teller Machine (ATM) in the vicinity of Punggol Field.

He was detained and a total of 13 ATM cards were found in his possession. The items were seized in connection to loansharking activities.

Preliminary investigations indicate that the man is a debtor-turned-runner and have assisted the loanshark syndicates to procure ATM cards from other debtors to carry out electronic fund transactions via ATM.

In the third case, also on Nov 26, 2013 but at about 10pm, through follow-up investigation into a case of loanshark harassment, officers from Jurong Division arrested the 24-year-old man in the vicinity of Telok Blangah Crescent.

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