My father is a loanshark runner. He only collect money but no harassment and never use any bank account. Only for two weeks and he also became an informer, what is his penalty?

Answer :

  • http://legalhelp.com.sg/cache/img/201301/no-image.76x72.crop.jpg

    V

    answered on 29/12/2014

    flag as inappropriate

    This depends on the specific facts of your father's case. Generally speaking, such acts would constitute an offence under section 14 of the Moneylenders Act. The penalty provided would be shall on conviction be punished with a fine of not less than $30,000 and not more than $300,000 and with imprisonment for a term not exceeding 4 years. In addition, he shall also be liable to be punished with caning with not more than 6 strokes.

    Did you find this post useful? Please provide your feedback by clicking on the link above.

Comments