Lots of Singaporean movies depict teenagers getting involved in loan shark activities, but such cases are not that common in real life… right?
An 18-year-old girl was arrested on 17 August for her involvement in these Ah Long, or loan shark, activities.
Police Received Report on 15 August
The Singapore Police Force stated that they received a report on 15 August, saying that an 18-year-old girl was engaging in loan shark activities.
She apparently splashed paint thinner on the door of a HDB flat at Tampines Street 83, and even left a debt collection note there.
Arrested on 17 August
An investigation was launched, and with the help of police closed-circuit television cameras, officers from Bedok Police Station identified and arrested the teenager on 17 August.
A mobile phone was also seized for investigations.
The girl will be charged in court on 20 August for her illegal activities. If found guilty of harassment, a first-time offender could face up to five years of imprisonment, a fine of $5,000 to $50,000, or three to six strokes of the cane.
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Debt Collection Agencies vs Ah Longs
By the way, not all debt collectors are loan sharks. Some of them are from legit debt collection agencies that are legal in Singapore.
In fact, under the proposed Debt Collection Bill, any person who wants to become a debt collector for a licenced debt collection company will have to be approved by the police, and obtain a licence.
You can watch this video to know more about new laws:
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Featured Image: Zao Bao
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