Today-Sept 6

A total of 219 people are being investigated for their suspected involvement in unlicensed moneylending activities. They are aged between 16 and 69, the police said in a news release on Sunday (Sept 5). Preliminary investigations revealed that 11 suspects are believed to have conducted harassment at debtors’ residences. Another 63 suspects are believed to be runners who had assisted in unlicensed moneylending businesses by carrying out automated teller machine (ATM) transfers while two suspects are believed to have assisted in unlicensed moneylending businesses by registering for mobile lines. The remaining 143 suspects are believed to have opened bank accounts and provided their ATM cards, personal identification numbers or internet banking tokens to unlicensed moneylenders to facilitate their businesses. The police said they will continue to take tough enforcement action against those involved in the unlicensed moneylending businesses, regardless of their roles, and ensure that they face the full brunt of the law. This includes taking action against those who open or give away their bank accounts to aid unlicensed moneylenders.

Read more at https://www.todayonline.com/singapore/teenager-among-219-people-investigated-suspected-unlicensed-moneylending-activities