Police have arrested three men for suspected involvement in loansharking activities.
In the first case on March 29, the police were alerted to a case of a man seen loitering suspiciously at Tampines Street 21.
The 55-year-old man was interviewed and arrested for suspected involvement in loanshark harassment. Loanshark-related paraphernalia including a mobile phone, a notebook and a stack of loanshark advertisement flyers were found in the suspect's possession.
The suspect is a debtor-turned-runner who had assisted the loansharks by checking for signs of harassment at the Tampines housing estates.
The subject is also believed to have assisted loanshark syndicates to promote unlicensed moneylending businesses by distributing the flyers and by opening two bank accounts and giving away his ATM cards with Personal Identification Numbers (PINs) to loansharks to facilitate their illegal businesses.
In the second case, a man was arrested in the vicinity of Woodlands Ave 6 for his suspected involvement in loansharking activities.
The suspect, aged 36, was also a debtor-turned-runner. He had assisted loanshark syndicates by obtaining the Automated Teller Machine (ATM) cards with Personal Identification Numbers (PINs) from other debtors and using them to perform ATM funds transactions. Loanshark-related paraphernalia such as three ATM cards and a mobile phone containing debtors' records were also found in his possession.
In the third case on March 30, officers from Ang Mo Kio Police Division were performing anti-crime patrols in the vicinity of Admiralty Link when they spotted an 18-year-old man behaving suspiciously.
The man fled upon seeing the officers, but the police gave chase and detained him.
Loanshark-related paraphernalia such as cans of paint and a mobile phone containing debtors' records were found in his possession. The suspect is believed to have committed several cases of loanshark harassment by splashing paint and scrawling loanshark-related graffiti in Sembawang and Sengkang housing estates.
The suspects in the first and second case will be charged in court on March 31.
First-time offenders found guilty of assisting in the carrying on of the business of an unlicensed moneylender may be fined between $30,000 and $300,000, jailed up to four years and caned up to six strokes.
The suspect in the third case will be charged for loanshark harassment on March 31.
First-time offenders found guilty of acting on behalf of an unlicensed moneylender, committing or attempting to commit any acts of harassment may be jailed for up to five years, fined between $5,000 and $50,000, and caned up to six strokes.