>> ASIAONE / NEWS / THE STRAITS TIMES / STORY
Loan shark runners are getting younger
Mon, Jul 06, 2009
The Straits Times

By Teh Joo Lin & Ben Nadarajan

IF THE 'O$P$' scrawls on the walls look more childish nowadays, it may be because they are the handiwork of loan shark runners barely out of their teens.

Those caught harassing debtors to pay up seem to be getting younger, with at least one as young as 12.

Police nabbed 63 youth last year for doing the dirty work for loan sharks when debtors default on repayment. In 2007, 59 youth were arrested.

 

 

 

 


For more The Straits Times stories, click here.

 
 
STORY INDEX
 
  Loan shark runners are getting younger
   
 
  Parents grieve sudden death of only child
   
 
  How you can check if fund-raiser is legitimate
   
 
  'Red Cross' scam the latest by fund tricksters
   
 
  Hougang shopkeepers flout rules, hoping not to get caught
   
 
  Red boxes like red packets for HDB shops
   
 
  No quotas, but a diverse spread of people
   
 
  Look out for the Reds
   
 
  'Illegal' babies sold
   
 
  Bid to revive JI
   
>> RELATED STORY
Loan shark runners are getting younger
Sri Lanka dismisses US threat to hold back IMF loan
Boom for debt collectors
Ah Long hounds aged duo over son's debt
British graduate debt drops for first time in six years

Elsewhere in AsiaOne...

Business: You can get last loan instalment waived

Just Women: A new stone age

 

We welcome contributions, comments and tips.
a1admin@sph.com.sg