Police are investigating 93 individuals for suspected involvement in unlicensed moneylending activities following a seven-day operation that ended on Tuesday (July 15).The operation which began on July 9 saw officers from the Criminal Investigation Department and the seven police land divisions conduct simultaneous raids across Singapore.Among the 93 under investigation, the oldest is 67, while the youngest is 13.Preliminary investigations revealed that one person operated as an unlicensed moneylender, while seven others allegedly harassed debtors at their homes. Under investigation are also 43 persons suspected of being runners who would assist in unlicensed moneylending activities through ATM transfers.The remaining 42 people allegedly opened bank accounts, provided ATM cards and personal identification numbers, as well as internet banking tokens to these illegal moneylenders, the police said.Investigations are ongoing.If found guilty, first-time offenders will face jail for up to four years, a fine between $30,000 and $300,000, and up to six strokes of the cane. Read more