SINGAPORE – A man accused of operating an unlicensed cross-border money transfer business linked to more than $38 million in total was handed four charges on April 24.
Indian national Raju Krishnamoorthi, 45, was charged with two counts of operating such a business.
He was also charged with engaging in unlicensed remittance activities as a self-employed foreigner without a valid work pass, and conspiring with a director of a company to abet a false declaration in a work pass application.
Raju’s alleged accomplice, a 33-year-old Indian national who was supposed to be charged on April 24, had a warrant of arrest issued against him after he failed to turn up in court.
A review on the matter will be held in June.
Court documents stated that Raju was allegedly a self-employed foreigner without a valid work pass between March 2024 and April 2025.
