Singapore
Singapore cops investigate 112 suspected loan sharks, debt collectors
Saturday, 05 Oct 2024 9:00 PM MYT
SINGAPORE, Oct 5 — Singaporean police are investigating 112 suspects for unlicensed moneylending following an enforcement operation from Sept 23 to 27, according to the latest statement from the police, reported Xinhua.
Preliminary investigations showed that 22 suspects carried out harassment at debtors’ residences and 47 assisted unlicensed moneylenders by carrying out ATM transfers.
One suspect provided six SIM cards to an unlicensed moneylender and the remaining 42 helped illegal moneylenders to open and use their bank accounts.
Investigations against the suspects, aged from 16 to 77, are ongoing. — Bernama
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