Fines Imposed on Licensed Moneylenders

Debated in Parliament on 15 Oct 2012.

Summary written by AI (learn more)

Chen Show Mao requested data on the number and average amount of fines imposed on licensed moneylenders from 2009 to 2011 and from January to September 2012.
K Shanmugam responded that no fines were imposed in 2009 and 2010 as no licensed moneylenders were convicted in court.
In 2011, three licensed moneylenders were convicted for 38 counts of offences and fined an average of $6,605 per count.
From January to September 2012, four licensed moneylenders were convicted for 12 counts of offences and fined an average of $6,500 per count.

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Chen Show Mao

Mr Chen Show Mao asked the Minister for Law in each of the years from 2009 to 2011 and from January to September 2012 (a) what is the number of fines imposed on licensed moneylenders as a result of enforcement actions; and (b) what is the average amount of such fines for the respective periods.

Page: 925

K Shanmugam

In 2009 and 2010, there were no licensed moneylenders convicted in court, and thus there were no fines imposed on licensed moneylenders during the period. In 2011, three licensed moneylenders were convicted for 38 counts of moneylending offences, and were fined an average of $6,605 per count. From January to September 2012, four licensed moneylenders were convicted for 12 counts of moneylending offences, and were fined an average of $6,500 per count.

Page: 925

Summary written by AI (learn more)

Chen Show Mao requested data on the number and average amount of fines imposed on licensed moneylenders from 2009 to 2011 and from January to September 2012.
K Shanmugam responded that no fines were imposed in 2009 and 2010 as no licensed moneylenders were convicted in court.
In 2011, three licensed moneylenders were convicted for 38 counts of offences and fined an average of $6,605 per count.
From January to September 2012, four licensed moneylenders were convicted for 12 counts of offences and fined an average of $6,500 per count.

Questions identified by AI (learn more)

Fines Imposed on Licensed Moneylenders | PAPERCUTS

Fines Imposed on Licensed Moneylenders

Debated in Parliament on 15 Oct 2012.

Summary written by AI (learn more)

Chen Show Mao requested data on the number and average amount of fines imposed on licensed moneylenders from 2009 to 2011 and from January to September 2012.
K Shanmugam responded that no fines were imposed in 2009 and 2010 as no licensed moneylenders were convicted in court.
In 2011, three licensed moneylenders were convicted for 38 counts of offences and fined an average of $6,605 per count.
From January to September 2012, four licensed moneylenders were convicted for 12 counts of offences and fined an average of $6,500 per count.

Questions identified by AI (learn more)

Full Transcript

Chen Show Mao

Page: 925

K Shanmugam

Page: 925

Summary written by AI (learn more)

Chen Show Mao requested data on the number and average amount of fines imposed on licensed moneylenders from 2009 to 2011 and from January to September 2012.
K Shanmugam responded that no fines were imposed in 2009 and 2010 as no licensed moneylenders were convicted in court.
In 2011, three licensed moneylenders were convicted for 38 counts of offences and fined an average of $6,605 per count.
From January to September 2012, four licensed moneylenders were convicted for 12 counts of offences and fined an average of $6,500 per count.

Questions identified by AI (learn more)

Fines Imposed on Licensed Moneylenders

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Questions Identified

Full Transcript

Chen Show Mao

K Shanmugam

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Questions Identified

Fines Imposed on Licensed Moneylenders

Summary

Questions Identified

Full Transcript

Chen Show Mao

K Shanmugam

Summary

Questions Identified