Police arrested two men aged 28 to 33 years old on 26 November 2009 for suspected involvement in loansharking activities.

On 26 November 2009 at about 9.30 am , through enquiries and investigative probes, officers from Ang Mo Kio Police Division arrested the duo on suspicion of assisting in an unlicensed moneylending business. An ATM card and a stack of ATM transaction receipts were found on them and seized for investigation. Preliminary investigations revealed that both suspects are debtors-turned-runners and had assisted the loansharks in their unlicensed moneylending business by carrying out transfers of monies via ATMs in order to offset their loans. Investigations are in progress.

First-time offenders found guilty of assisting in carrying on an unlicensed moneylending business may be fined up to $200,000/- or imprisoned up to two years or both.