Loansharks

MALAYSIAN PR BORROW FROM 18 MONEY LENDERS, GETS EMPLOYER & COLLEAGUES IN HOT WATER

Later, I actually got to known through my assistant manager previously that this staff had borrowed money from several unlicensed money lenders and licensed money lenders. He also told me that there were calls made to my restaurants' phone lines and also to my kitchen manager, all looking for the same staff Kenny Cheong asking for payments. My assistant manager also interviewed the staff personally and he did admit to borrowing from 14 unlicensed money lender and 4 licensed money lender.

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LOANSHARKS NOW TARGETING PRIMARY SCHOOLS TO SPRAY O$P$

Loansharks are now targeting primary schools to leave their vandalism mark, just to get back at the people who are presumed to owe them money. Their modus operandi now changed, from targeting block of flats where debtors live, to schools where their children go to.

The latest incident occurred at White Sands Primary School, where splashes of red paint streaked the wall beside the school's main gate in Pasir Ris Street 11, while "O$P$" was daubed in black paint. Police say this incident is related to loansharking activities. This is not the first time a school had been targeted. Last month, a man was convicted of splashing paint at a Tanjong Pagar pre-school attended by a debtor's children.

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GREEN PAINT SPLASHED ON LETTERBOX, LOANSHARK ACTIVITY STILL ALIVE

The recent one was residents waking up to find their letterboxes at Old Airport Road being given a green paint 'makeover'. According to the man shamed by the loansharks, he had paid his debt, but had refused to pay some additional interest.

Hopefully the Police can arrest the offender soon. We don't want loansharks making life difficult for others, when the target obvioulsy had nothing to do with them apart from just being a neighbour.

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LOANSHARKS ACT AS LEGAL MONEYLENDER, SCAMS SINGLE MUM OF $400 SECURITY DEPOSIT

These so called 'licensed moneylender' are getting around looking for customers to scam and cheat. The fact that they were NOT even lisenced moneylender but they are 'illegal moneylender' (ahlong). They uses a copy-paste method of legal moneylender lisence registration number issued by MAS and also copy-paste legal moneylending compamy website URL all around Singapore pretending that they were lisenced moneylenders.

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PROPERTY AGENT ARRESTED FOR UNLICENSED MONEYLENDING TO CLIENTS

The Singapore Police Force said today that it had arrested a 40-year-old housing agent for his suspected unlicensed moneylending. His targets were mainly owners of HDB flats who wanted to sell their homes. The suspect had loaned S$30,000 each to three persons while they were in the midst of selling their flats. He charged these HDB flat owners up to 233 per cent and 260 per cent interest rates on the loans once the sale of their flats were completed.

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