The 33-year-old man's parents protected him from loan sharks by helping him clear thousands of dollars in debt. In return, he went back to loan sharks and borrowed more money before disappearing. The couple, 57-year-old Madam Huang and 68-year-old Mr...
Mr Xiao worked illegally in New Zealand for a while. But when the pandemic struck, he was unable to make a living.
He then turned up in Singapore last June and started working as a server in a private club. He did not live with his parents. Madam Huang was shocked to learn in March this year that her son had incurred a debt of $11,000 as he had borrowed from loan sharks.They took over his bank account, telling him that he would have to go through them for money.The man's parents and colleagues have been receiving threatening messages and calls.But he managed to make a new card by claiming to the bank that he had lost his old one. He then withdrew thousands of dollars.
He also went to five different loan sharks and borrowed $1,000 from each of them just days after his parents helped clear his debt.Shin Min Daily News reported that his parents and colleagues have been receiving threatening messages and calls from the loan sharks.Mr Xiao’s employers said that if he remained uncontactable, they would have to revoke his work permit.
Madam Huang suspects that her son might have a gambling addiction, which is why he has been borrowing money from loan sharks since he was 18 years old.Get The New Paper on your phone with the free TNP app. Download from the
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