The police have arrested 27 people, aged between 24 and 66, for their suspected involvement in loansharking activities. During the three day operation, officers conducted raids at multiple locations in Singapore. During initial investigations the four suspects are believed to be runners. They have assisted the loansharks in their business by carrying out Automated Teller Machine (ATM) transfers, … Read more
A 14 month old child was send to the hospital due to smoke inhalation. Loan sharks allegedly set fire to his parents’ rental flat just two weeks after moving in. They went to bed at about 1am that night, when there was no sign of anything unusual. The main door however is set on fire forty five minutes later. … Read more
Online adverts and social media lure these youths in by promising fast and easy cash. Youngsters who apply for these employments soon discover that they need to carry out loansharking activities, including badgering of borrowers. A significant number of them, pulled in by the pain free income on offer, still join. Many of them get caught for overstepping … Read more
A former M1 customer service officer was sentenced to 17 months’ jail, three strokes of the cane and a $90,000 fine on Thursday (Feb 18). Tay Kunhong, 33, was also ordered to pay a penalty of $5,400 for accepting bribes from a loan shark in exchange for obtaining M1 customers’ particulars. He also gave … Read more