Two men arrested on suspicion of loan sharking activities

Two men, aged 17 and 22, have been arrested along Bedok North Avenue 3 on May 29 for suspected loan shark harassment.
Two men, aged 17 and 22, have been arrested along Bedok North Avenue 3 on May 29 for suspected loan shark harassment.PHOTO: ST FILE

SINGAPORE - Two men, aged 17 and 22, were arrested on Sunday (May 29) for their suspected involvement in loan sharking activities.

The Singapore Police Force (SPF) said in a media release on Tuesday that it received a report of loan shark harassment on May 21, after a car parked along Senja Road was scratched and loan shark-related notes were found on its windscreen.

Both suspects were arrested along Bedok North Avenue 3 by officers from Jurong Police Division with the aid of extensive ground enquiries and images from police cameras.

They are believed to have carried out similar acts of harassment in Bukit Panjang, Marsiling, Punggol, Sengkang, Pasir Ris and Bedok Reservoir, added the police, citing preliminary investigations.

Under the Moneylenders Act, first-time offenders found guilty of loan shark harassment can be jailed for up to five years, fined between $5,000 and $50,000 and receive up to six strokes of the cane.