On 30 March 2011 at about 4.05 pm, through follow-up investigations, officers from Ang Mo Kio Police Division arrested the 31-year-old suspect in the vicinity of Sengkang Square.
Preliminary investigations revealed that the suspect is a debtor-turned-runner who is believed to have assisted loansharks in their business by carrying out bank transfers.
In a separate case, on 30 March 2011 at about 5.10 pm, officers from Ang Mo Kio Police Division who were on anti-crime rounds spotted another man behaving suspiciously in the vicinity of Sengkang Square.
The officers conducted a check on him and found loanshark-related paraphernalia such as bank receipts, ATM cards and handphones in his possession. Preliminary investigations revealed that the 25-year-old suspect is believed to have assisted loansharks in their business by carrying out bank transfers.
Investigations against the two suspects are on-going.
First-time offenders found guilty of assisting in the carrying on of the business of an unlicensed moneylender may be fined not less than $30,000 and not more than $300,000, be imprisoned for a term not exceeding 4 years and shall also be liable to be punished with caning of not more than 6 strokes.
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