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Home Team Speeches

15 August 2005

Written Answer to Parliamentary Question For MHA(a) how many cases of illegal money lending and harassment by loan sharks have been reported over the first six months of 2005; (b) how many loan sharks have been arrested in the first six months of 2005 for these activities; (c) what are the profiles of these loan shark runners and syndicate leaders with respect to age, gender, education level and nationality; and (d) what are the profiles of the victims with respect to age, gender, education level and nationality, 15 Aug 2005

NMP Ong Soh Khim:

To ask the Minister for Home Affairs (a) how many cases of illegal money lending and harassment by loan sharks have been reported over the first six months of 2005; (b) how many loan sharks have been arrested in the first six months of 2005 for these activities; (c) what are the profiles of these loan shark runners and syndicate leaders with respect to age, gender, education level and nationality; and (d) what are the profiles of the victimswith respect to age, gender, education level and nationality.

Answer:

For the first six months of 2005, 3,640 cases of illegal money lending and harassment by loan sharks have been reported. 190 loan sharks were arrestedin the first half of this year.

2 Based on the age and nationality profile of loansharks arrested in the first six month of this year, a typical loanshark is a young male Chinese. 70% are between 20 and 34 years of age; 95% of them are male; and 98% are citizens or permanent residents. The educational profile of the loan sharks arrestedis not available.

3 As for victims who reported loanshark harassment, 56% are of age 40 years and above; 65% are male; and 93% are citizens or permanent residents. The educational profile of the victims is not available.

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