SINGAPORE: Six men will be charged in court for their suspected involvement in an unlicensed moneylending syndicate believed to be responsible for at least 25,500 ScamShield reports, said the police on Thursday (Aug 13).
They are among eight men and three women, aged between 18 and 77, who were arrested during an islandwide enforcement operation for allegedly assisting in the business of the syndicate.
The operation, involving simultaneous raids at multiple locations on Wednesday, targeted those believed to be involved in the syndicate, as well as errant mobile phone retailers suspected of fraudulently registering postpaid SIM cards that were subsequently used by the syndicate for their activities.
Preliminary investigations showed that the 11 people had assisted the syndicate in various ways, including sending bulk SMS advertisements offering “fast cash” and “easy loans” using Singapore-registered mobile lines and topping up these mobile numbers to facilitate the messaging activities.
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