In the first case, officers from Ang Mo Kio Police Division arrested a 23-year-old female in the vicinity of Sengkang Square on Mar 26 at about 8.30pm.
Preliminary investigations have indicated that the suspect is a debtor-turned-runner who assisted loansharks in their moneylending businesses by performing fund transfers.
In the second case, police received a call on Tuesday at about 1.30am from a resident who spotted a man behaving suspiciously in the vicinity of Compassvale Street.
After being located, the 50-year-old man was placed under arrest for having loanshark-related paraphernalia on him, such as a mobile phone believed to contain debtors' records and bank transaction receipts.
The suspect is a debtor-turned-runner who opened at least two bank accounts and gave away his ATM cards with their Personal Identification Numbers (PINs) to loansharking syndicates to facilitate the business of unlicensed moneylending.
The suspect had also assisted the loansharks by checking on borrowers' units to confirm if harassment activities had been carried out.
In the third case, officers arrested a 21-year-old man in the vicinity of Ang Mo Kio Ave 9, also on Tuesday at about 7.15am, for being a debtor-turned-runner.
Investigations against the three suspects are ongoing.
First-time offenders found guilty of assisting in the carrying out of the business of an unlicensed moneylender may be fined between $30,000 to $300,000, imprisoned for not more than four years and receive up to six strokes of the cane.
ORIGINAL SOURCE
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