15-year-old among 69 under investigation for suspected loanshark activities
newsare.net
A 15-year-old is among 69 persons being investigated by the police for their alleged involvement in unlicensed moneylending activities. Police said in a news release on Thursday (July 9) that they conducted an islandwide enforcement operation from July15-year-old among 69 under investigation for suspected loanshark activities
A 15-year-old is among 69 persons being investigated by the police for their alleged involvement in unlicensed moneylending activities. Police said in a news release on Thursday (July 9) that they conducted an islandwide enforcement operation from July 1 to 7.The operation saw officers from the Criminal Investigation Department and the seven police land divisions conduct raids across Singapore.Preliminary investigations revealed that nine persons had harassed debtors at their residences, while 15 others were runners who had assisted in unlicensed moneylending activities by carrying out Automated Teller Machine (ATM) transfers.Also under investigation are 36 individuals who are believed to have opened bank accounts and provided their ATM cards, personal identification numbers as well as internet banking tokens to unlicensed moneylenders to facilitate their illegal operations. Read more














