Police nab 172 for suspected involvement in loansharking activities
Published on Apr 26, 2014 2:27 PM
Police arrested 172 people for suspected involvement in loansharking activities in an island-wide operation between Tuesday and Friday.
The 110 men and 62 women were aged between 16 and 68. They were nabbed after officers from the Criminal Investigation Department (CID) and six land divisions conducted simultaneous raids at multiple locations in Singapore.
The police said on Saturday that preliminary investigations showed that 14 suspects were believed to be either harassers or runners who facilitated the loansharks in their businesses by verifying debtors' particulars, getting Automated Teller Machine (ATM) cards and carrying out ATM transfers.
One suspect was believed to have provided false contact information when borrowing money from loansharks, which resulted in an innocent resident being harrassed. The suspect will also be investigated for failing to report his change of address.
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