58-year-old woman arrested for loanshark activities

A 58-year-old woman was arrested last Saturday near Clementi Avenue 3 for suspected involvement in loansharking activities.

Around 9.45pm, officers from the Clementi Police Division spotted the woman's suspicious behaviour and conducted a check on her. She was found to be in possession of over $4,000 in cash, 10 Automated Teller Machine (ATM) cards, a bank account book, several bank transaction receipts and two mobile phones. The phones are believed to contain loanshark-related records.

After an interview, she was arrested for suspected involvement in loansharking activities and the items were seized as case exhibits. Preliminary investigations revealed that the woman is a debtor-turned-runner and may have assisted loansharks by conducting bank transfers for them.

If found guilty, she could face a fine of up to $300,000, a jail term of up to four years and up to six strokes of the cane. Investigations are ongoing.