Over $8m lost: Police investigating more than 240 people in Singapore for involvement in scams
The Singapore Police Force (SPF) are investigating 241 individuals for their involvement in scams.
In a two-week operation between March 7 and March 20, officers from the Commercial Affairs Department and seven police land divisions placed 165 men and 76 women under investigation, the police said on Thursday (March 20).
These individuals, aged between 16 and 75, are suspected to be involved in over 900 cases of scams either as scammers or as money mules, the police said.
Their alleged offences include cheating, money laundering or providing payment services without a licence.
The scams comprised mainly friend impersonation scams, investment scams and job scams among others, with victims reportedly losing over $8.2 million.
If found guilty of cheating, a scammer could face jail of up to 10 years or a fine, or both.
Money laundering under the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992 comes with a jail term of up to 10 years, a fine of up to $500,000, or both.