Former AETOS officer jailed and fined for assisting loanshark

A former auxiliary police officer was yesterday jailed 10 weeks and fined S$30,000 for helping a loanshark with his business.

Should he fail to pay the fine, Tan Yam Teck, 44, would have to spend an additional 10 weeks behind bars.

The ex-AETOS officer opened a bank account on January 31 so that an unlicensed moneylender, known only as "Ah Sy", could use it for his illegal activities.

Assistant Public Prosecutor Paul Cheong said that due to his gambling habit, Tan had racked up loans totalling S$3,000 in February last year.

He took them from several unlicensed moneylenders including Ah Sy.

Tan managed to clear his debts by November that year.

But two months later, he received a call from Ah Sy offering him a sum of S$150 in exchange for opening a bank account on his behalf.

Tan agreed and later handed over a bank book and an ATM card to one of Ah Sy's runners.

Tan even obtained a replacement ATM card for Ah Sy when the loanshark lost it in May this year.

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