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Saturday August 31, 2013 MYT 12:00:00 AM
Saturday August 31, 2013 MYT 8:39:34 AM
Police have arrested 200 suspects for suspected loan sharking activities after an islandwide anti-loan sharking operation that took place over 69 hours from Monday to Thursday.
The 140 men and 60 women were aged between 19 and 74. They were nabbed after officers from the Criminal Investigation Department (CID) and six land divisions conducted simultaneous raids at multiple locations in Singapore.
Of the 200 suspects, three will be charged in court under the Moneylenders Act. Investigations against the remaining suspects are ongoing. Separately, another 67 people will also be charged for their involvement in loan sharking activities as runners and bank account holders. They were arrested in previous anti-loan sharking operations conducted by the police.
Said CID Deputy Director and Assistant Commissioner of Police Florence Chua: “By surrendering bank accounts to loan shark syndicates, or by assisting them to transfer money or to carry out harassment acts, these perpetrators are actually helping the syndicates to evade police detection. Police will continue to clamp down hard on all these perpetrators and bring them to justice.” — The Straits Times / Asia News Network
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