SINGAPORE - A 42-year-old woman has been arrested for her suspected involvement in loan sharking activities, the police said in a media release on Friday (May 19) evening.
Since March 2017, the police have received several reports of Unlicensed Moneylending (UML) debtor notes being sent to various government establishments. These UML debtor notes contain photos of the alleged debtors.
After extensive probes and enquiries, officers from the Criminal Investigation Department and Police Land Divisions identified the suspect and arrested her on May 19 near Woodlands Industrial Park.
After she was arrested, police seized items including a stack of printed debtor notes, boxes of white envelopes, stamps, a laptop, mobile phone and several ATM cards.
The suspect will be charged in Court with assisting the business of unlicensed moneylending, an offence which carries a fine ranging from $30,000 to $300,000 and up to four years' jail.