Two arrested for involvement in loansharking activities
Published on Jan 29, 2014 9:31 PM
Police have arrested two men for suspected involvement in loansharking activities in two separate cases.
In the first case, officers from Ang Mo Kio Police Division arrested a 24-year-old suspect in the vicinity of Yishun Central on at about 11am on Tuesday. Preliminary investigations showed that the suspect had used his personal bank accounts to assist loansharks to transfer money to borrowers and receive payments from the loansharks.
The police are investigating him for assisting in the carrying on of the business of an unlicensed moneylender.
The second case took place at about 8.30pm the same day. Responding to a call from a resident, officers from Ang Mo Kio Police Division arrested a 46-year-old suspect in the vicinity of Yishun Ring Road.
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