SINGAPORE – A 15-year-old is among 69 people being investigated for their suspected roles in unlicensed moneylending activities following islandwide raids in early July.
The 69 people, aged 15 to 76, were hauled up after a seven-day operation from July 1 to 7 by officers from the Criminal Investigation Department and the seven police land divisions, the police said in a statement on July 9.
Preliminary investigations found that nine people had harassed debtors at their homes, and 15 people were runners who had assisted in unlawful moneylending activities by carrying out ATM transfers, said the police.
Another 36 people are believed to have opened bank accounts and provided their ATM cards, personal identification numbers, and/or internet banking tokens to facilitate such activities.
Acting on information from their Malaysian counterparts, the Singapore police are also investigating the remaining nine individuals, aged between 18 and 67, for their suspected involvement in cross-border moneylending activities.
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