92 Loan Sharks Caught

92 captured in three-day anti-loansharking blitz. SINGAPORE– A total of 66 males and 26 women, aged between 17 and 77, were apprehended for their thought involvement 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 six Police land divisions had actually carried out simultaneous raids at numerous areas in Singapore.

According to the police, 13 suspects are believed to be runners who performed Automated Teller Machine (ATM) deals on behalf of the loansharks; while 3 others supplied false contact details for the function of acquiring loans.

Another three suspects are believed to have actually performed acts of loanshark harassment by splashing paint and scrawling loanshark-related graffiti on walls.

The staying 73 suspects are thought to have actually opened savings account and given away their ATM cards and Personal Identification Numbers (PINs) to loansharks to facilitate their unlicensed moneylending businesses.

Investigations versus all the suspects are ongoing.

The Police repeated that they would continue to take tough enforcement action versus those associated with loansharking activities, regardless of their functions, consisting of those who open or give away their bank accounts to assist unlicensed moneylenders.

The police likewise reminded the general public to keep away from loansharks and not to work with or help loansharks in any way, and call “999” or the X-Ah Long hotline at 1800-924-5664 if they know or suspect of anyone who could be involved in illegal loansharking activities.