Two people arrested for suspected involvement in loanshark activities

Police have arrested a 48-year-old woman and a 32-year-old man separately for their alleged involvement in loanshark activities.

In the first case, on Tuesday, officers arrested the woman at about 6.15 pm in Ang Mo Kio. The police said in a media statement on Thursday that she had given away her ATM card and Personal Identification Number (PIN) to a loanshark syndicate to facilitate the business of unlicensed moneylending.

In another case also on Tuesday, officers spotted a man behaving suspiciously at Rivervale Crescent and conducted a check on him. The man was found to have loanshark harassment paraphernalia such as bicycle locks, a pair of gloves, a handphone, among other things on him. He was arrested.

The police said that he had committed loanshark harassment activities in Rivervale housing estate at Sengkang by securing debtors' units with bicycle locks.

Investigations against the 48-year-old woman in the first case are ongoing. If she is convicted of allowing the facilitation of the unlicensed moneylending business through a bank account or ATM card, she faces a fine of between $3,000 and $30,000 up to four years in jail, if she is a first-time offender. As for the man, he faces a fine of between $5,000 and $50,000, with up to five years in jail and up to six strokes of the cane, if he is a first-time offender.