Man allegedly prints and mails debtor notes for loanshark, gets arrested in Sengkang

A man who allegedly worked for a loanshark to print and mail debtor notes to multiple addressees island-wide will be charged on Friday (Sept 15), said the police.

The police received several reports of harassment where debtor notes were sent via post to various government buildings and homes between March 22 and April 28 last year.

The notes contained photographs and personal information of alleged debtors of unlicensed moneylending.

Through follow up investigations, officers from the Criminal Investigation Department and the seven Police Land Divisions established the identity of the 45-year-old man and arrested him on May 5 last year in Sengkang.

Preliminary investigations revealed he also allegedly assisted the loanshark to perform banking transactions at automated teller machines.

The man will be charged with two counts of assisting in unlicensed moneylending and 22 counts of harassing debtor on behalf of an unlicensed moneylender under Section 19(1)(b)(i) read with Section 19(2)(a) and Section 47(2)(a) read with Section 47(3)(a) of the Moneylenders Act 2008 respectively.

First-time offenders found guilty of an offence under Section 19 of the Moneylenders Act 2008 shall be punished with imprisonment of up to four years, a fine between $30,000 and $300,000 and caning of not more than six strokes.

First-time offenders found guilty of an offence under Section 47 of the Moneylenders Act 2008 shall be punished with imprisonment of up to five years, a fine between $5,000 and $50,000, and caning of not less than three and not more than six strokes.