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A 47-year-old man and a 37-year-old woman were arrested for their alleged involvement in unlicensed moneylending activities. Police said on Wednesday (June 18) that they were alerted to a dispute involving two persons and a debtor at Seah Im Food CentreDispute with debtor leads to arrest of duo who provided $19.3k in loans without licence
A 47-year-old man and a 37-year-old woman were arrested for their alleged involvement in unlicensed moneylending activities. Police said on Wednesday (June 18) that they were alerted to a dispute involving two persons and a debtor at Seah Im Food Centre on June 8.Officers responding to the incident and established that the dispute arose over the repayment of a loan.The two had allegedly conducted an unlicensed moneylending business by providing loans amounting to approximately $19,3000 to at least 13 borrowers in Singapore between February 2024 and May 2025.According to the police, the individual loan amounts ranged from $500 to $3,000.They also believe that the woman had assisted the man conducting such activity by soliciting borrowers.The man faces 18 counts of conducting a moneylending business without a licence, while the woman faces eight counts of assisting in an unlicensed moneylending business. They will be charged in court on Friday.The offence of conducting moneylending business without a licence carries a penalty of up to $300,000, and up to six strokes of the cane. Read more











