Man arrested for using old address for illegal loans

Man arrested for using old address for illegal loans

SINGAPORE - Police have arrested 54-year-old man for using his old residential address to obtain illegal loans from loansharks.

Police said the current occupants were harassed by loansharks and acting on a report, officers arrested the suspect at Bukit Batok East Ave 4 on Thursday at about 11.15am.

Investigations against the man are ongoing.

Under the Moneylenders Act, any person who is guilty of providing false contact information to obtain loans from loansharks faces a minimum jail term of 12 months.

klim@sph.com.sg

More about

loansharks
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.