*Source: DTN News / Int'l Media
(NSI News Source Info) SINGAPORE - August 29, 2009: Five men, aged
between 23 and 36, were arrested for loanshark activities in a police operation on Thursday evening.
They are believed to be members of a syndicate with more than 130 cases of loanshark harassment incidents islandwide. This is also the tenth loanshark syndicate crippled by the police this year.
In the operation conducted by officers from the Criminal Investigation Department, various premises in Hougang, Tampines, Upper Bukit Timah, Woodlands and Punggol were raided.
In the course of the raids, items including mobile phones, ATM cards and cash of about S$8,000 were seized.
The syndicate was found to have used electronic means to issue loans and collect repayments from debtors.
between 23 and 36, were arrested for loanshark activities in a police operation on Thursday evening.
They are believed to be members of a syndicate with more than 130 cases of loanshark harassment incidents islandwide. This is also the tenth loanshark syndicate crippled by the police this year.
In the operation conducted by officers from the Criminal Investigation Department, various premises in Hougang, Tampines, Upper Bukit Timah, Woodlands and Punggol were raided.
In the course of the raids, items including mobile phones, ATM cards and cash of about S$8,000 were seized.
The syndicate was found to have used electronic means to issue loans and collect repayments from debtors.
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