Loansharking not a way out of gambling debt

prokopton's picture

It sounds like Singapore has its share of gambling addiction problems. Gamblers are resorting to loansharking as a way out of financial difficulties. It appears that a large number of Singaporeans are doing it to have drawn the attention of Senior Minister of State for Law and Home Affairs, Associate Professor.

Mr Ho said: "They should never be tempted to take what they perceive as the easy way out by borrowing from loan sharks, because there are other channels.

"Such as community-based ones, commercially-driven ones, where there are also legal moneylenders, as well as grassroots-related ones, and they can seek help from these sources."