Man arrested for island-wide loanshark harassment at residential units

SINGAPORE - Police have arrested a 34-year-old male suspect at the vicinity of Blk 922 Tampines Street 91 for his suspected involvement in a series of loanshark harassments which allegedly took place at residential units island-wide.

Between Nov 28 and Dec 4, police received numerous reports of residential units being splashed with paint. In these cases, debtors’ notes believed to be related to loanshark harassment were discovered at the affected units.

Preliminary investigations revealed that the suspect is believed to be responsible for multiple loanshark harassment cases at residential units island-wide. He was also found in possession of cans of paints and bicycle locks.

The suspect will be charged in court tomorrow for loanshark harassment.

Under the Moneylenders Act, first-time offenders found guilty of acting on behalf of an unlicensed moneylender, committing or attempting to commit any acts of harassment will be imprisoned for up to five years, a fine between $5,000 and $50,000, and may also be liable to three to six strokes of the cane.