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Two Arrested for Loanshark Harassment at Anchorvale and Punggol

 


Singapore Police have arrested two men, aged 19 and 27, in connection with two separate cases of loanshark harassment. The incidents were reported on October 29 and November 4, 2024, and involved intimidation tactics at residential units along Anchorvale Road and Punggol Place. In both cases, debtor’s notes were left behind, and one of the doors was splashed with paint.

Following these reports, officers from the Ang Mo Kio Police Division conducted in-depth investigations, utilizing images from Police cameras and closed-circuit televisions (CCTVs) to identify and track down the suspects. Both men were apprehended on November 8, and three debtor’s notes were seized as evidence.

The suspects are slated to be charged in court on November 9, under the Moneylenders Act 2008. According to Singapore’s strict regulations on moneylending harassment, first-time offenders convicted of loanshark harassment face a fine between $5,000 and $50,000, imprisonment of up to five years, and up to six strokes of the cane. The severe penalties underscore the country’s firm stance against loanshark-related intimidation and property vandalism.

Singapore Police maintain a zero-tolerance policy on loanshark harassment, reinforcing that such actions—especially those involving vandalism or tactics that disrupt public safety and community peace—are treated with utmost severity. The Police remind the public that supporting or working with loansharks, directly or indirectly, constitutes a serious offence and carries substantial legal consequences.

The Police also urge citizens to be vigilant and avoid engaging with loansharks. The public is encouraged to report any suspicious loansharking activities or individuals potentially involved in such schemes by contacting the Police at ‘999’. With community support and continued police vigilance, authorities aim to mitigate loanshark activities and maintain the safety and security of all residents in Singapore.



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