Man arrested for taking illegal loans using previous residential address

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http://www.todayonline.com/Hotnews/EDC120726-0000152/Man-arrested-for-giving-previous-residential-address-to-loansharks

A 48-year-old man has been arrested for providing false contact information when obtaining loans from loansharks.

The man, who was a debtor, had used his previous residential address to obtain illegal loans from loansharks.

The current owner and occupants of his previous residence then became innocent victims of harassment by the loansharks.

The man had failed to report the change of his residential address within 28 days.

Police investigations against the suspect are on-going.

If found guilty of providing false contact information to obtain loans from loansharks, he could be jailed for up to 12 months.

If found guilty of failing to report a change of address, he could be fined up to S$5,000 or jailed for up to five years, or both.

Police said they take a serious view of individuals who borrow from illegal moneylenders using their old addresses and as a result cause undue inconvenience and distress to innocent parties.

Police said they would come down hard on those who remain recalcitrant and deal with them severely.