loan shark country getting better
Loan sharks active as ever. This is reported in the Today paper. More than 10,000 cases of harrassments or activities reported. In fact 10,221 cases in 2006, an increase of 47% from 8,600 cases in 2005. Ho Peng kee asked for more time to tackle the problem. So far only 294 persons were arrested on related offences. Looks like the loan shark syndicates are outwitting the police. They used electronic banking facilities, virtual transactions, debtors bank accounts, telephone numbers etc. They are so sophisticated that the police would need 'extensive intelligence gathering and investigation' to bring them to court. Tough job for the police when the criminals are so smart. In the meantime the people are encouraged to form neighbourhood watch group to help themselves, like the good old days.