SINGAPORE — A total of 158 persons are under investigation for their suspected involvement in unlicensed moneylending activities.
Simultaneous island-wide raids were conducted between May 29 and June 1 by officers from the Criminal Investigation Department and the seven police land divisions.
Another 48 suspects are believed to be runners who had assisted in unlicensed moneylending businesses by carrying out transfers at automated teller machines . Those who act on behalf of an unlicensed moneylender by committing or attempting to commit any acts of harassment will face up to five years' jail, a fine of between S$5,000 and S$50,000, and between three and six strokes of the cane.
This includes taking action against those who open or give away their bank accounts to aid unlicensed moneylenders.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Horse racing in Singapore to end for good after Singapore Turf Club's closure announcedSINGAPORE – The land where the Singapore Turf Club (STC) in Kranji sits will be returned to the Government by March 2027, making way for housing and other developments in the area. These include previously announced plans to redevelop the area around Woodlands Checkpoint, enhance Woodlands Town under the Remaking our Heartland programme, and transform the Lim Chu Kang area...
Read more »
Halimah Yacob: Really, really, really NO? - Singapore News'The role of the Elected President will be a crucial one during this transition period of Singapore’s history. Particularly if no member of the Lee family is in the next government – or is the next President.' - Tan Bah Bah
Read more »
Woman stunned by 'ridiculous' $9.10 bill for mixed rice with fish cake - Singapore NewsThe woman expressed her disbelief at the cost of the meal, particularly highlighting the $2 charge for the fish cake. She stated, 'They said the fish cake is considered meat, so they must charge $2 for it. Ridiculous, isn't it?'
Read more »
London’s Lord Mayor to visit Singapore to boost financial linksMr Nicholas Lyons is keen to exploit opportunities created by the recently-concluded UK-Singapore Digital Economy Agreement. Read more at straitstimes.com.
Read more »
Singapore has 'a vested interest' in ensuring US-China communication lines are good: Ng Eng HenConcerns have arisen about the deactivation of 'guardrails' to keep both superpowers from conflict, said Singapore's Defence Minister Ng Eng Hen on the third and final day of the Shangri-La Dialogue.
Read more »
Hawker stall charges $2.60 for empty bowl, shocking Singaporeans - Singapore NewsWhen the customer asked for an empty bowl from the dessert stall, he was surprised to be informed that he had to pay $2.60 for it.
Read more »