16-year-old among 82 persons probed for unlicensed moneylending activities
newsare.net
A 16-year-old teenager is among 82 people under police investigations for their alleged involvement in unlicensed moneylending activities.Police said in a news release on Thursday (April 2) night that they conducted an enforcement operation against unlicense16-year-old among 82 persons probed for unlicensed moneylending activities
A 16-year-old teenager is among 82 people under police investigations for their alleged involvement in unlicensed moneylending activities.Police said in a news release on Thursday (April 2) night that they conducted an enforcement operation against unlicensed moneylending activities from March 25 to 31.The operation saw officers from the Criminal Investigation Department and the seven police land divisions conduct raids across Singapore.Preliminary investigations revealed that eight persons had allegedly harassed debtors at their residences.Also under investigation are 14 individuals believed to have acted as runners, assisting in unlicensed moneylending activities by carrying out Automated Teller Machine (ATM) transfers.The remaining 60 people allegedly opened bank accounts, provided ATM cards and personal identification numbers, as well as internet banking tokens to illegal moneylenders to facilitate their unlicensed activities.Police investigations against all 82 individuals are ongoing. Read more














