Loansharks in Singapore

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Ah long

Singapore, Singapore

#1 Apr 12, 2010
Mar 24, 2010
3 held for harrassment
By Reico Wong

POLICE arrested three persons for suspected involvement in loanshark harassment in two separate cases on Wednesday morning.

The first suspect was nabbed at about 2 am in the vicinity of Hougang Street 91. Officers who were conducting anti-crime rounds spotted the man behaving suspiciously at a void deck and stopped him for a check.

The man was found to have loanshark harassment related paraphernalia such as black marker pens, plastic bags containing red paint, a mobile phone and a list of suspected debtors' addresses.

Preliminary investigations revealed that he was a debtor-turned-runner who had assisted loansharks in harassing debtors by by splashing paint and scrawling loanshark-related graffiti on their unit?s walls at Hougang, Ang Mo Kio, Upper Aljunied and Sin Ming housing estates.

In the second case, following a public tip-off on a couple behaving suspiciously along Ang Mo Kio Avenue 3, officers managed to nab the 19-year-old male and 18-year-old female after a short chase at about 2.10 am.

A sling bag containing a few cans of paint, several marker pens and a bicycle cable lock was seized. Preliminary investigations revealed that both suspects were believed to be involved in loanshark harassment cases at Jurong, Choa Chu Kang, Toa Payoh and Rivervale housing estates.

All three suspects will be charged in court on Thursday for loanshark harassment. Under the amended Moneylenders Act 2008, first time offenders found guilty of loanshark harassment can be jailed up to five years and fined up to $50,000. They are also liable to be caned up to six strokes.

http://www.straitstimes.com/BreakingNews/Sing...
Loan sharks

Singapore, Singapore

#2 May 19, 2010
May 14, 2010
Police arrest 30 loansharks

POLICE have arrested 27 men and three women in an islandwide operation from Thursday to Friday for suspected involvement in loansharking activities.

All except one of them are believed to have allowed their bank accounts to be used for loansharking activities while one was arrested for loanshark harassment at Hougang public housing estate, said police.

During the 18-hour islandwide operation, officers from Ang Mo Kio Police Division conducted simultaneous raids at Jurong, Clementi, Commonwealth, Telok Blangah, Woodlands, Ang Mo Kio, Shunfu Road, Hougang, Punggol, Bedok and Tampines.

Preliminary investigation revealed that 29 of the suspects had facilitated the unlicensed moneylending business of the loansharking syndicates by opening bank accounts and giving away their Automated Teller Machine (ATM) cards with their Personal Identification Number (PIN) to the loansharks.

At least 20 of them are said to be debtors or guarantors while five of them had opened more than one bank account for the loansharks. One of the suspects was also found to have committed several counts of loanshark harassment by splashing paint and scrawling loanshark graffiti at Hougang public housing estate. Several ATM cards and bank account passbooks were seized as case exhibits. All the bank accounts had been frozen. Investigations are in progress.

http://www.straitstimes.com/BreakingNews/Sing...
Loan sharks

Singapore, Singapore

#4 May 19, 2010
Jan 29, 2010
Loan shark raids nab 31
Two syndicates busted and their suspected masterminds arrested
By Mavis Toh

THIRTY-ONE suspected members of loan-sharking syndicates were rounded up yesterday in an islandwide police swoop.

The 19-hour operation which began on Wednesday morning involved 45 police officers and resulted in the record 31 arrests, surpassing the 25 caught in a 2005 operation.

Police believe they have busted two syndicates that lent a total of $550,000 to 600 borrowers.

The suspected masterminds of the two syndicates were also nabbed.

One is a 31-year-old mobile phone shop owner who started his illegal moneylending operation in 2006, and the other is a 35-year-old who became a loan shark 1-1/2 years ago. They were arrested in the Punggol area.

The director of the Criminal Investigation Department, Senior Assistant Commissioner Ng Boon Gay, told a press conference yesterday that the 31 people arrested included suspected financiers to loan sharks, runners, harassers and bank account holders.

http://www.straitstimes.com/BreakingNews/Sing...
loansharks

Singapore, Singapore

#5 May 23, 2010
June 15, 2009
Loanshark operation nets 19
This is the largest number of loansharking-related arrests resulting from a single police operation this year.
By Reico Wong

NINETEEN people were arrested on Monday morning for suspected involvement in a major illegal money-lending syndicate.
This is the largest number of loanshark-related arrests resulting from a single police operation this year.

Officers from the Criminal Investigation Department (CID) and the Police Intelligence Department raided various locations in the island-wide operation and seized more than $35,000 in cash.

Other items taken away included computers, mobile phones, storage media and suspected debtor records.

Preliminary investigations have indicated that the loanshark syndicate was also involved in loanshark-related harassment in connection with the illegal loans.

Police said the 18 men and one woman nabbed were between 19 and 40 years old.

Investigations are still in progress.

First-time offenders found guilty of operating a business as an unlicensed moneylender may be fined up to $200,000 or jailed a maximum of 2 years, or both. Repeat offenders face mandatory imprisonment of up to 5 years, including a similar fine of up to $200,000.

http://www.straitstimes.com/Breaking%2BNews/S...
more arrests

Singapore, Singapore

#6 May 23, 2010
June 30, 2009
6 loan-shark suspects held
By Melissa Pang

SIX persons were arrested on Monday night for suspected involvement in a syndicate believed to be responsible for more than 180 loan-shark related harassment cases.

The six suspects are five men and a woman, aged between 26 and 34-years-old.

They were nabbed in a raid that covered various locations including Jurong, Woodlands Drive 52, and the Balestier area. Items such as $19,000 cash, mobile phones, ATM cards, laptops and suspected debtor records were also seized.

Based on preliminary investigations, the suspects had assisted the syndicate to collect repayments through electronic fund transfers. They also committed harassment in connection with debtor loans.

The male suspects will be charged in Court on Wednesday, while the woman suspect has been released on bail pending further investigations.

In a separate case, four male suspects aged between 16 and 19 were arrested on Monday morning for involvement in loan-sharking activities.

Two were nabbed in the Punggol area, while further leads led to the arrest of another pair at their residences in Sengkang.

Police also seized ATM cards, bank books, bank transfer receipts, a computer and handphones in their possession.

Preliminary investigations indicated that the youths had applied for several bank accounts for the loan-sharks to carry out their loan-sharking activities via bank transfers. They had also invited persons to apply for illegal loans.

A 19-year-old suspect will be charged in Court on Wednesday, while the other three youths will be released on police bail, pending further investigation.

http://www.straitstimes.com/Breaking%2BNews/S...
more arrests

Singapore, Singapore

#7 May 23, 2010
Jan 26, 2010
3 loanshark runners caught
By Wendy Lim

POLICE on Monday arrested three men and a woman aged between 30 and 49 years for suspected involvement in loansharking activities in three separate cases.

A mobile phone, laptop and several ATM cards were seized from them.

In all the cases, the suspects are believed to be helping loansharks to conduct illegal money lending activities through ATMs or bank transfers.

A man and a women, both 30 years, will be charged in court on Tuesday for assisting in the business of an unlicensed moneylender.

http://www.straitstimes.com/BreakingNews/Sing...
loanshark

Singapore, Singapore

#8 May 23, 2010
Aug 28, 2009
10th loanshark ring busted

POLICE have busted a loanshark syndicate which is believed to be behind more than 130 cases of loanshark harassment islandwide.

Five men, aged between 23 and 36 years, were also arrested in a police operation on Thursday evening. Items including mobile phones, computers, ATM cards and cash of about $8,000 were also seized.

This is the 10th loanshark syndicate to be crippled by the police this year.

On Thursday, officers from Criminal Investigation Department and Police Intelligence Department mounted an operation against the syndicate and carried out raids at locations including Hougang, Tampines, Upper Bukit Timah, Woodlands and Punggol. In the course of the raids,

Preliminary investigations indicated that the syndicate was responsible for more than 130 cases of loanshark harassment islandwide, using electronic means to issue loans and collect repayments from debtors. Investigations are still ongoing.

Said Assistant Director of the Specialised Crime Division, Criminal Investigation Department, Superintendent Goh Lam Kiong:'Police will continue to track down, identify and arrest loansharking syndicate members, and will not let up on our efforts.

'This irresponsible behaviour is not tolerated as loansharking inevitably leads to harassment causing damage to property belonging to innocent persons, or harm to others. Those arrested will be dealt with severely under the law.'

In another case, police arrested three men for suspected involvement in loanshark harassment following a tip-off from a member of the public.

Police received a call at about midnight on Friday about a man splashing paint on a unit at Sembawang Drive. While the man left the reported location in a vehicle with two other men before the police could arrive, police managed to track down the vehicle as the vigilant member of the public had taken down the culprits' vehicle number.

The identities of the three suspects were swiftly established and police arrested two of the suspects at Old Tampines Road and the other 20-year-old suspect at Compassvale Walk on the same day.

Handphones and marker pens believed to have been used in the acts of harassment were found in the possession of the three suspects, and were subsequently seized as case exhibits.

Preliminary investigation have indicated that the three suspects were involved in several cases of loanshark harassment in the Tampines, Sembawang and Yishun areas.

Two of the suspects will be charged in court on Saturday for loanshark harassment under the Moneylenders Act 2008 while the remaining 22-year-old suspect will be released on bail, pending further investigation.

First-time offenders found guilty of operating or assisting loansharks in their business can be fined up to $200,000 or jailed up to two years, or both. Repeat offenders face a fine of up to $200,000 and mandatory imprisonment for up to five years, if convicted.

First-time offenders found guilty of loanshark harassment face a minimum fine of $4,000 and up to $40,000 or jail term of up to three years, or both. In addition, persons who have damaged property or caused harm to persons while committing loanshark harassment are liable for caning.

http://www.straitstimes.com/Breaking%2BNews/S...
more loansharks

Singapore, Singapore

#9 May 25, 2010
May 26, 2010
4 loanshark runners arrested

POLICE have arrested four men in connection with three separate cases of loanshark harassment.

In the first case, officers from Ang Mo Kio police division were on patrol in Serangoon North Avenue 1 on Monday when they spotted a man behaving suspiciously. On checking, they found slips of paper believed to be debtor records, markers and a can of red paint in his possession.

The 31-year-old man was immediately arrested. Preliminary investigation indicated that the suspect is believed to be a debtor-turned-loanshark-runner and had just vandalised debtors' houses in the area.

Later in the day, officers from the same division spotted another two men behaving suspiciously. The duo, aged 29 and 32, were also searched and found to have similar loanshark-related paraphernalia. They were detained.

Preliminary investigation revealed they had just committed loanshark harassment in the Serangoon and Beo Crescent estates.

In an unrelated case, a 36-year-old man was nabbed at Ang Mo Kio Police Division for assisting a loanshark in his business. The suspect is believed to be a debtor-turned-runner and had opened a bank account and given away his ATM card with its Personal Identification Number (PIN) to the loanshark. Investigations are in progress.

Two of the suspects, aged 31 and 32 years old, will be charged in Court on Wednesday for loanshark harassment while investigations against the other two suspects are still on-going.

Offenders who act on behalf of unlicensed loansharks, commit or attempt to commit any acts of harassment can be jailed up to five years, fined from $5,000 to $50,000, and caned up to six strokes of the cane.

First-time offenders found guilty of assisting loansharks may be fined between $30,000 to $300,000, imprisoned up to 4 years and also receive 6 strokes of the cane.

http://www.straitstimes.com/BreakingNews/Sing...
loanshark problems

Singapore, Singapore

#10 Jun 4, 2010
Police arrest 39 in largest crackdown against illegal moneylender activities
By Sharon See | Posted: 04 June 2010 2041 hrs

SINGAPORE: Police arrested 30 men and nine women aged between 18 and 62 years old for suspected involvement in loansharking activities.

Police said preliminary investigations showed that 37 of the suspects had allegedly facilitated in the business of the loansharking syndicates by opening bank accounts and giving away their ATM cards and PIN to the loansharks.

Two had allegedly splashed paint and scrawled loanshark-related graffiti in the Hougang estate.

Police said at least 29 of those arrested are also believed to be debtors or guarantors.

During the operation, police seized a can of paint, markers, copies of bank statements and ATM card as case exhibits.

All the bank accounts that were allegedly involved in the illicit unlicensed moneylending business have since been frozen.

Police said it conducted a 19-hour islandwide operation from June 3 to 4, with simultaneous raids at Jalan Besar, Circuit Road, Tampines, Sengkang East Way, Hougang, Ang Mo Kio and Yishun.

First-time offenders found guilty of assisting in the business of an unlicensed moneylender, may be fined up to S$300,000, jailed for up to four years and caned for not more than six strokes.

Those acting on behalf of an unlicensed moneylender, commit or attempt to commit any acts of harassment may be jailed for up to five years, fined up to S$50,000 and caned not more than 6 strokes.- CNA/vm

http://www.channelnewsasia.com/stories/singap...
loansharks

Singapore, Singapore

#11 Jun 16, 2010
Seven nabbed for loan-sharking activities
By Mustafa Shafawi | Posted: 16 June 2010 1829 hrs

SINGAPORE : Police have arrested two men and two women, aged between 24 and 34 years, for suspected involvement in loan-sharking activities.

On June 15 at about 6.15pm, while conducting anti-crime rounds in the vicinity of Ang Mo Kio Avenue 3, officers from the Ang Mo Kio Police Division spotted a man behaving suspiciously.

Upon checking, he was found to be in possession of several ATM cards, mobile phones and several bank transaction receipts.

Preliminary investigations revealed that the 27-year-old suspect was a debtor-turned-runner.

He had assisted the loan sharks in their business by verifying debtors' identity cards, carrying out bank transfers and verifying if harassment had been carried out on the debtors' units.

Following up on the same case, on June 16 between 1.30am and 2.20am, two women aged 31 and 34 years were arrested in the vicinity of Ang Mo Kio Ave 9.

The two suspects had facilitated in the businesses of the loan sharks by opening bank accounts and giving away their ATM cards and Personal Identification Number (PIN) to the loan sharks.

An hour later, officers from Ang Mo Kio Police Division arrested another 24-year-old man at Jurong West in connection with the case.

The suspect was a debtor-turned-runner and had assisted the loan sharks in their business by verifying debtors' identity cards, transferring money via ATM and verifying if harassment had been carried out on debtors' units.

Police said investigations on all the four suspects are still on-going.

In yet another loan shark-related case, three men were arrested near Tampines Bus Interchange.

Preliminary investigations indicated that the suspects had earlier carried out loan-shark harassments by scrawling loan shark-related graffiti on the walls and splashing paint on debtors' units in Tampines, Bukit Panjang, Yishun and Woodlands.

All three suspects will be charged in court on Thursday.

http://www.channelnewsasia.com/stories/singap...
ah long

Singapore, Singapore

#12 Jun 24, 2010
Jun 24, 2010
27 nabbed in two days

IN A CONTINUING onslaught against illegal moneylending and loansharking activites, police have arrested 27 suspects in the last two days.

On Wednesday, 16 men and four women between 22 and 59 years, were rounded up in raids by officers from Jurong police division at various locations in Bukit Batok, Boon Lay and Woodlands housing estates for their involvement in unlicensed moneylending activities.

Fifteen of them were suspected to have opened bank accounts and allowed them to be used in unlicensed moneylending activities, while the other five were believed to have acted as runners for the unlicensed moneylenders.

Separately, seven men aged between 16 and 38 years were caught for suspected involvement in loansharking activities in three cases.

In the first case, a loanshark harassment was reported at a block in Admiralty Link on June 7. Footage retrieved from a CCTV showed two youths splashing paint on a unit. Following up on this lead, officers from Ang Mo Kio Police Division arrested four suspects aged between 16 and 17 years in the vicinity of Punggol East and Punggol Central on Wednesday.

They were suspected to have committed acts of loanshark harassments islandwide by scrawling loanshark-related graffiti and splashing paint on debtors' units in the Woodlands, Admiralty, Sembawang, Yishun, and Ang Mo Kio housing estates.

Also on Wednesday, a 38 year-old man was arrested for suspected involvement in loansharking activities in the vicinity of Yishun Street 81 at about 1pm. This led to the arrest of his accomplice, aged 36, at Upper Thomson Road. Both were believed to be responsible for issuing and collecting loan repayments.

On Thursday at about 4.45 pm, a male motorcyclist who beat the red light along Yishun Ring Road was caught after a chice by police. He was found to have several bank transaction slips, ATM cards and a handphone with suspected debtors' records.

Preliminary investigations indicated that the suspect is a debtor-turned-runner and had assisted the loansharks by carrying out bank transfers.

Three of the suspects will be charged in court on Friday. Investigations against the others are ongoing.

http://www.straitstimes.com/BreakingNews/Sing...
ah long

Singapore, Singapore

#13 Jun 30, 2010
Jun 30, 2010
16 arrested for moneylending

IN AN islandwide operation that took 10 hours, 16 people were arrested for suspected involvement in unlicensed moneylending activities, said police on Wednesday.

Raids at Jurong West, Yishun, Ang Mo Kio, Bedok Reservoir Road, Aljunied Crescent, French Road and Telok Blangah Crescent netted 11 men and 5 women, aged between 21 and 58 years old.

Police said the suspects had opened bank accounts, handing over their ATM cards and PINs to loansharks to be used in unlicensed moneylending. The accounts have since been frozen and investigations continue.

'These bank account holders are actually helping the syndicate to evade police detection,' said Superintendent Goh Lam Kiong, Assistant Director, Specialised Crime Division of the Criminal Investigation Department.'Such irresponsible acts allow loansharking syndicates to flourish, resulting in harassment to innocent victims. Police will not hesitate to take such offenders to task.'

If a bank account or ATM card can be proved to have been used for unlicensed moneylending, the person concerned is considered to have 'assisted in the carrying on of the business of an unlicensed moneylender' under the Moneylenders Act.

A first-time offender can be fined up to $30,000, be jailed up to four years and be liable to be caned with up to six strokes, if found guilty of assisting in the carrying on of the business of an unlicensed moneylender.

http://www.straitstimes.com/BreakingNews/Sing...
vietnamese loanshark

Singapore, Singapore

#14 Jul 3, 2010
Nov 26, 2009
Vietnamese man arrested

A 25-YEAR-OLD Vietnamese man was arrested for loanshark harassment early on Thursday morning.

Police received a call from a resident in Henderson Crescent at about 2.30 am reporting that a man was splashing paint and writing graffiti on the wall outside his flat.

Officers from Clementi Police Division arrived within minutes and immediately carried out a search of the HDB block and its vicinity.

Based on the description given by the victim, the officers spotted the man at the void deck shortly and arrested him.

Some paint marks were found on the suspect's body. The officers also seized a red marker and a bottle filled with paint near the void deck.

Preliminary investigations revealed that the suspect is believed to have assisted in loansharking activities by carrying out harassment acts at debtors' units.

The man will be charged in court on Thursday afternoon for loanshark harassment

http://www.straitstimes.com/BreakingNews/Sing...
vietnamese loanshark

Singapore, Singapore

#15 Jul 3, 2010
Vietnamese man gets 15 lashes for harassing debtors in Singapore
Last updated: 7/3/2010 10:20



A Vietnamese man has been sentenced to 22 months in prison and 15 lashes for harassing debtors in Singapore, according to the Singaporean General Consulate in Ho Chi Minh City.



Mai Thanh Tai, 22, was convicted of having violated the Moneylenders Act of Singapore at a hearing on June 28, a press release issued Friday by the consulate said.



Singapore Police Force said Tai entered the country on May 26 as a tourist. He was arrested on June 2 in front of an apartment on Clementi Avenue 1 carrying paints, paint brushes and records of debts.



Investigations later showed that Tai had harassed debtors in different areas at least six times. He had been hired by a friend in Vietnam and paid 30 SGD (US$21.53) per harassment, according to the press release.

http://www.thanhniennews.com/2010/Pages/20100...
loansharks

Singapore, Singapore

#16 Jul 6, 2010
Jul 7, 2010
2 loanshark runners arrested
By Carmen Woo

TWO men have been arrested for suspected involvement in loansharking activities in two separate cases.

While patrolling along Yishun Street 71 last Saturday, officers from Ang Mo Kio Police Division spotted a man behaving suspiciously.

On checking, they found several bank transaction receipts on him which were believed to be linked to loansharking activities. The 33 year-old suspect was arrested.

Preliminary investigations revealed that the suspect is a debtor-turned-runner and had assisted the loansharks to verify the particulars of potential borrowers.

In the second incident, officers from Ang Mo Kio Police Division arrested a 20 year-old men in an operation conducted in Ang Mo Kio Central on Tuesday.

Several marker pens, ATM cards, one handphone and debtors' records were seized from him. The suspect is said to be a debtor-turned runner and was involved in at least 12 cases of harassment in housing estates.

Investigations against the first suspect are still ongoing. The second man will be charged in Court on Wednesday.

http://www.straitstimes.com/BreakingNews/Sing...
sosong

Kuala Lumpur, Malaysia

#17 Jul 7, 2010
If S'pore govt want to weed off ahlong, govt must make banks willing to give out small loan (S$2,000 to S$20,000)easier to ppl (Singaporeans)in needs,
Many peoples go to ahlong usually had no other alternatives to solve their financial woes.
Also govt must allow ppl withdraw their CPF saving easier to pay for emergencies!
Suppression only will not work well!
or Govt can set up "ahlong" institution, compete with ahlongs to weed out ahlongs, just like 4D gamble etc.
Singaporean

Singapore, Singapore

#18 Jul 8, 2010
Easier said than done Mr. Sosong. Not that banks don't want to lend but borrowers. What do they have as security? When they run off , who is going to reimburse the money loaned? You should know by now that banks are keepers of public funds and how are they going to redeem the trust with depositors?

As to CPF this is also a no, no! When you retire, who is going to support you when old? If everyone has ideas of yours, in no time Singapore Government is going to declare the country as a Welfare State. That being the case, with no natural Resources how is Singapore and hard working Singaporeans to compete in this competitive world

Like what our Minister Mentor said," We have nothing.but our precious Reserves to fall on."

If Sosong wish to survive on welfare which I believe you are not the type. There are alternatives like Australia also provided you are granted to become their Citizens.

I tell you, the best way to get around this mess is to find a job and don't even think of relying on Santa Claus as even Santa will disappear when you are in financial trouble.
loansharks

Singapore, Singapore

#19 Jul 8, 2010
30 arrested in crackdown on illegal moneylending
05:55 AM Jul 08, 2010
The police have arrested 19 men and 11 women between the ages of 19 and 59 for suspected involvement in unlicensed moneylending activities in an three-day island-wide operation that ended yesterday.

Preliminary investigations revealed that the suspects had allowed their bank accounts to be used for the collection of loan shark debts. This is in contravention of the Moneylenders Act.

Their bank accounts have since been frozen.

All 30 suspects are out on bail pending further police investigations.

http://www.todayonline.com/Singapore/EDC10070...
sosong

Kuala Lumpur, Malaysia

#20 Jul 8, 2010
Easier said than done Mr. Sosong. Not that banks don't want to lend but borrowers. What do they have as security? When they run off ,.....

I DO NOT means simply lend money, but just an alternative for ppl who desparate need some small money for emergency, those of you who are lucky (Never need to worry about money) will not feel the pressure of those who genuinely need some cash for emergency (eg, hospital bill for their love ones). OF COURSE, the amount must be able to be repaid (monthly salary deduction etc) by borrowers over a reasonable period of time. CPF should relax a bit on withdrawals.
sosong

Kuala Lumpur, Malaysia

#21 Jul 8, 2010
If govt do give out small loans, and as govt, surely govt had many civilized ways to act against those who default on their repayment. Just think why western world had no or little loan shark problem????

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