550 investigated in police crackdown linked to over $17m in scams and illegal moneylending
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A total of 550 people, aged between 16 and 83, are being investigated by the police following a 10-day crackdown on scams and unlicensed moneylending activities. Police said in a news release on Friday (July 10) that the operation was conducted by office550 investigated in police crackdown linked to over $17m in scams and illegal moneylending
A total of 550 people, aged between 16 and 83, are being investigated by the police following a 10-day crackdown on scams and unlicensed moneylending activities. Police said in a news release on Friday (July 10) that the operation was conducted by officers from the Bedok Police Division from June 29 to July 8.The 341 men and 209 women being investigated are believed to be involved in over 1,800 cases of scams and unlicensed moneylending activities.Of these, some 418 people were allegedly involved in scam-related activities such as e-commerce, investment, job, rental, phishing and loan-related scams as money mules, resulting in losses of over $14.8 million.They are now being investigated for offences of cheating, assisting another to retain proceeds from criminal conduct and unauthorised disclosure of Singpass access code.The remaining 132 persons are being investigated for their alleged roles in unlicensed moneylending activities.According to the police, the transactions involved amounted to more than $2.3 million. Read more














