Police nabs man for loanshark activities after tip-off

SINGAPORE - A 48-year old man has been arrested by officers from Jurong Police Division after receiving a tip-off.

The man, who was a debtor-turned-runner for loanshark syndicates, was nabbed for loansharking activities on Aug 14.

Two handphones and three Automated Teller Machine (ATM) cards found in his possession were seized as case exhibits.

According to preliminary investigations, the man procured ATM cards and harassment tools for loanshark syndicates.

The suspect will be charged in court on August 16.

If found guilty, he may be fined not less than $30,000 and not more than $300,000, be imprisoned for a term not exceeding four years and also be liable to be caned not more than six strokes.