|
THEY come from diverse backgrounds - there are teachers, pilots, engineers and even the odd housewife alongside the jobless. But they share one thing in common: They are gamblers faced with mounting debts.
After exhausting legal means - banks, credit lines and loans from families and friends - they turn to loan sharks as a last option to get quick cash. But they may soon find it much harder to borrow from these unlicensed money lenders.
On Monday, new laws were proposed to crack down on the burgeoning loan- sharking problem, targeting both syndicates and borrowers.
For more The Straits Times stories, click here.
| 
