Moneylending dispute leads to paint splashed on letterboxes at HDB block near Old Airport Road

Paint splashed on letterboxes at Block 5, Pine Close, by loanshark harassers.
Paint splashed on letterboxes at Block 5, Pine Close, by loanshark harassers.PHOTO: SHIN MIN DAILY NEWS READER

SINGAPORE - All households at a HDB block near Old Airport Road had paint splashed on their letterboxes after one resident borrowed money from a loanshark, a report said.

Homeowners at Block 5, Pine Close, found bright green paint spattered on their letter boxes on Saturday morning.

The name and address of the debtor was painted on a wall at the void deck.

The man, who asked not to be named, told Shin Min Daily News that he had returned the money borrowed from the loanshark, but is still being harassed.

He borrowed $5,000 last June at the interest rate of 20 per cent a week. He returned $7,000 after about three weeks but was told that the amount had risen to $10,000.

The harassment began after he refused to pay the "additional interest".

The man, who is in his 40s, told the Chinese evening daily he has been getting calls to his home in the middle of the night.

Police said it was alerted to a case of unlicensed moneylending harassment at the block on Saturday and is investigating.