SINGAPORE– An overall of 66 males and 26 ladies, aged in between 17 and 77, were arrested for their thought participation in loansharking activities after a three-day island-wide operation.
In a statement on Thursday (July 27), the Police said officers from the Criminal Investigation Department (CID) and 6 Police land divisions had carried out simultaneous raids at multiple places in Singapore.
Inning accordance with the authorities, 13 suspects are believed to be runners who carried out Automated Teller Machine (ATM) transactions on behalf of the loansharks; while three others supplied incorrect contact info for the function of acquiring loans.
Another 3 suspects are thought to have carried out acts of loanshark harassment by sprinkling paint and scrawling loanshark-related graffiti on walls.
The remaining 73 suspects are believed to have opened checking account and handed out their ATM cards and Personal Identification Numbers (PINs) to loansharks to facilitate their unlicensed moneylending organisations.
Examinations versus all the suspects are ongoing.
The Police repeated that they would continue to take tough enforcement action against those involved in loansharking activities, regardless of their roles, including those who open or offer away their savings account to assist unlicensed lenders.
The cops also advised the public to stay away from loansharks and not to deal with or help loansharks in any way, and call “999” or the X-Ah Long hotline at 1800-924-5664 if they understand or presume of anyone who could be involved in unlawful loansharking activities.