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Singapore
 

Police islandwide operation nets 127 suspects for loansharking activities

Published on Jun 14, 2014 10:19 PM
 

SINGAPORE - An islandwide dragnet between Wednesday and Friday saw police arrest 127 suspects for alleged involvement in loansharking activities.

Officers from the Criminal Investigation Department and all six police land divisions launched simultaneous raids at multiple locations, netting 85 men and 42 women aged between 16 and 69. Police said 19 of the suspects were believed to have been harassers or runners who facilitated the loansharks' businesses by procuring Automated Teller Machine (ATM) cards, carrying out ATM transfers and advertising loan facilities on behalf of the loansharks.

One other suspect was believed to have provided false contact information when getting loans from loansharks, which led an innocent home-owner to be harassed. The person is being investigated under the National Registration Act for failing to report the change of address.

The remaining 107 suspects were believed to have opened bank accounts and given away their ATM cards and Personal Identification Numbers (PINs) to loansharks to assist their unlicensed moneylending operations.

 
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