Updated: 06/17/2012 02:38 | By Channel NewsAsia

Suspect caught in Ang Mo Kio for loansharking

SINGAPORE: Police arrested a 58—year—old man for suspected involvement in loansharking activities and providing false contact information to obtain loans from loansharks.

He was caught at about 8.25pm on 14 June at Ang Mo Kio Avenue 9.

Police said he had with him a handphone containing debtors’ records and Automated Teller Machine (ATM) cards.

Police believe he had used his previous residential address to obtain illegal loans from loansharks.

That caused the current owner and occupants of his previous residence to be harassed by the loansharks.

The suspect had also helped the loansharks by performing electronic fund transactions using bank accounts.

Police also suspect he had failed to report the change of his residential address after he moved out of his previous place of residence in September 2009.

— CNA/ck