Police arrested a 25 year-old man yesterday for his suspected involvement in loansharking activities.

On 28 January 2010 at about 11.00pm , a member of public spotted the suspect behaving suspiciously outside a unit at Ang Mo Kio Avenue 10 and immediately called the Police. Officers from the Ang Mo Kio Police Division responded promptly and spotted the suspect in the area. Upon an interview, the suspect was arrested for suspected involvement in loansharking activities. One handphone was seized from the suspect's possession. Preliminary investigations revealed that the suspect had assisted the loansharks in their businesses by collecting loan repayments on their behalf.

The subject will be charged in Court on 30 January 2010 under the Moneylenders Act 2008.

Persons found guilty of assisting an unlicensed moneylender to carry out his business could be fined not less than $20,000 and not more than $200,000 or imprisoned for a term not exceeding two years or both.