Alleged participation in loansharking activities, 27-year-old arrested

A 27-year-old man has been arrested for allegedly participating in loansharking activities, police said in a news release on Sunday (Apr 10).

The Singapore Police Force (SPF) said the incident came to light when a report was lodged on Mar 29. A residential unit at Jurong West had been splashed with paint and a loanshark-related note was affixed to the door, it added.

Through ground enquiries and the aid of police cameras, the identity of the suspect was eventually established and he was apprehended at Woodlands Crossing on Sunday, authorities said, adding that a mobile phone was also seized. 

Based on preliminary investigations, the suspect is believed to have carried out similar acts of harassment in Hougang, said SPF. 

The suspect will be charged on Monday.  Under the Moneylenders Act, first-time offenders found guilty may face a jail term of up to five years, a fine not less than S$5,000 and mandatory caning of up to six strokes.