The High Court has quashed a moneylender’s bid to bankrupt a debtor who had borrowed $350,000 on an annual interest rate of 240 per cent – a ruling that could cause ripples in the moneylending industry. Mr Ang Boon Kim,…
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A 15-year-old boy has been arrested for his suspected involvement in a series of loanshark harassment cases. Police said a case was reported on April 3, in which the front door of an HDB unit at Woodlands Street 82 was…
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A 40-year-old housing agent has been arrested for his suspected involvement in unlicensed moneylending targeting Housing and Development Board flat sellers. Police said today (April 1) that the suspect had loaned S$30,000 each to three persons in the process of…
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