113 people under investigation for loan shark activities after week-long blitz

31/5/2022 3:49:00 PM

113 persons under investigation for loan shark activities after week-long blitz

https://str.sg/w2VhSINGAPORE - A total of 113 people, aged 16 to 69, are under investigation for their suspected involvement in unlicensed moneylending activities.This comes after a week-long operation which was conducted between May 23 and Monday (May 30), said the police in a statement on Tuesday.

During the operations, officers from the Criminal Investigation Department and the seven police land divisions conducted simultaneous raids islandwide.Preliminary investigations revealed that 12 suspects had allegedly harassed debtors at their residences, and 17 suspects are believed to be runners who had assisted in unlicensed moneylending businesses by carrying out automated teller machine (ATM) transfers.

Read more:
The Straits Times »

Students at Xi Jinping's alma mater Tsinghua University show up in mass protest

In defiance against censorship and the country's continued zero-Covid policy. Read more >>

21 people arrested in Bedok and Changi for gambling, vice activitiesIsnt s'pore have two casinos n many pools fr all sorts of games. Now u kena pay fine.

Life in Ukraine's post-siege Mariupol: Barter markets and Russian TVMARIUPOL — People are slowly starting to return to the streets of the southern Ukrainian city of Mariupol, pummelled by weeks of shelling from Russian forces and now fully under Russian control.

Passengers scream as world’s longest cruise ship crashes into Jamaican pierInvestigation launched into alleged accident

China's factory activity likely contracted more slowly in May - Reuters pollBEIJING : China's factory activity likely contracted at a slower pace in May, a Reuters poll showed, as some virus curbs were lifted in key manufacturing hubs.The official manufacturing Purchasing Manager's Index (PMI) is expected to rise to 48.6 in May from 47.4 in April, marking the third straight month of con

‘China in mind’: Japan mulls beefing up military as Ukraine war rings alarmCountry could double spending and acquire ‘first-strike’ capability in shift away from defensive postwar posture

Week-on-week infection ratio for Covid-19 falls below one for first time in three weeksThis ratio falls below one for first time in three weeks

Copy to clipboard https://str.Copy to clipboard https://str.On Monday (May 30), local residents charged electric devices from generators and exchanged food and clothes at impromptu street markets, while at an empty bus station Russian state television blared out from a giant screen brought in by officials.Jamaica .

sg/w2Vh SINGAPORE - A total of 113 people, aged 16 to 69, are under investigation for their suspected involvement in unlicensed moneylending activities. This comes after a week-long operation which was conducted between May 23 and Monday (May 30), said the police in a statement on Tuesday. The police said in a release on Monday (May 30) that the operations were led by Bedok Neighbourhood Police Centre. During the operations, officers from the Criminal Investigation Department and the seven police land divisions conducted simultaneous raids islandwide."There's no electricity, no water — things are really tough, of course. Preliminary investigations revealed that 12 suspects had allegedly harassed debtors at their residences, and 17 suspects are believed to be runners who had assisted in unlicensed moneylending businesses by carrying out automated teller machine (ATM) transfers. Cash of more than $7,500 and three mobile phones were seized. The remaining 84 suspects are believed to have opened bank accounts and provided their ATM cards, personal identification numbers and/or Internet banking tokens to unlicensed moneylenders to facilitate unlicensed moneylending, said the statement. “Oh my God”, one woman could be heard crying out in a video of the crash which has attracted more than 500,000 views on social media.

A person is presumed to have assisted in carrying on the business of unlicensed moneylending when a bank account, ATM card or Internet banking token of any person is used to facilitate moneylending by an unlicensed moneylender. All nine people will be investigated for illegal gambling. Some residents could be seen collecting essential products in boxes emblazoned with the pro-Russian 'Z' symbol. Those convicted of carrying on or assisting in a business of unlicensed moneylending face jail of up to four years, a fine of between $30,000 and $300,000, and up to six strokes of the cane. For acting on behalf of an unlicensed moneylender to commit or attempt to commit any acts of harassment, an offender faces jail of up to five years, a fine of between $5,000 and $50,000, and between three and six strokes of the cane. Three women, aged between 29 and 43, were also arrested for offences under the Women's Charter. Unlicensed moneylenders are increasingly using text messaging or online platforms to send unsolicited loan advertisements, said the police statement. Russia seized full control of Mariupol earlier this month when more than 2,400 Ukrainian fighters who had been holding out surrendered at the besieged Azovstal steelworks. "Members of the public are reminded not to reply or respond to such advertisements and to report these messages as spam," it added. Those who place bets with a bookmaker face a fine of up to $5,000, a jail term of up to six months, or both. This content is not available due to your privacy preferences.

The public can call the police on 999 or the"X-Ah Long" hotline on 1800-924-5664 if they suspect or know of anyone who could be involved in unlicensed moneylending activities. More On This Topic . Repeat offenders can be fined up to $10,000, jailed for up to two years, or both. Ukrainian President Volodymyr Zelenskiy has described Mariupol as"completely destroyed", but Moscow has pledged to rebuild it.