25 Jan '11, 8am

Loanshark accomplice sentenced to 5 years jail: SINGAPORE: A 38-year-old unemployed man, believed to be one of t...

SINGAPORE: A 38-year-old unemployed man, believed to be one of the accomplices of a part-time lecturer accused of loansharking activities, has been sentenced to five years jail. Garreth Ho Sheng Yu, who was fined S$480,000, will also receive six strokes of the cane. Ho is an alleged accomplice of 51-year-old Lee Kim Hock, the lecturer who is believed to be the leader of an unlicensed moneylending syndicate. Ho is the second person to be convicted for his role in the illegal business. One of his accomplices, 35-year-old Melvin Tan Cheng Huat, who is also unemployed, was sentenced last Friday to six years' jail and fined S$240,000. Court papers stated that Ho worked with his accomplices in carrying out the loansharking business between August and November last year. Together, they gave out loans totalling S$5,500 and collected S$2,150 in repayments. Ho pleaded guilty to six ...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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