SINGAPORE: Police have arrested a 35—year—old woman for providing false contact information to obtain loans from loansharks.
The woman was nabbed on Wednesday at about 3.35pm, at Hougang Ave 9.
Initial investigations revealed that the woman was a debtor who had used her previous residential address to obtain illegal loans.
This led to the current owner and occupants of her previous home becoming innocent victims of harassment by loansharks.
Police said the woman had failed to report her change of address within 28 days.
Under the Moneylenders Act, anyone guilty of providing false contact information to obtain loans from loansharks could be jailed up to 12 months.
If a person is guilty under the National Registration Act for failing to report a change of address, he could be fined up to S$5,000 and jailed up to five years.
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