Police arrest two men for involvement in loanshark activities
Police have arrested two men in two separate cases for suspected involvement in loansharking activities, police said in a statement.
On Aug 24, police officers from Ang Mo Kio Police Division arrested a 21-year-old male suspect in the vicinity of Compassvale Street. Preliminary investigation revealed he was involved in loanshark harassment activities on at least 14 units in Yishun, Ang Mo Kio and Sengkang - splashing paint and scrawling loanshark-related graffiti on the walls of HDB blocks.
In the second case, later that day, officers from Ang Mo Kio Police Division received a "'999" call from a resident who spotted a man behaving suspiciously in the vicinity of Hougang Ave 4. The resident detained the suspect before officers arrived shortly after. The 39-year-old suspect was arrested following an interview.
Loanshark-related paraphernalia including a mobile phone believed to contain debtors' records was found in his possession. Preliminary investigations indicate that he is a debtor-turned-runner and had committed harassment by delivering debtors' notes to demand for repayments. He is also believed to have assisted loansharks in their businesses by verifying the particulars of debtors.