\n<\/p>\n
SINGAPORE \u2013 A man accused of operating an unlicensed cross-border money transfer business <\/span><\/a>linked<\/span><\/a> to more than $38 million<\/span><\/a> in total was handed four charges on April 24.<\/p>\n Indian national Raju Krishnamoorthi, 45, was charged with two counts of operating such a business. <\/p>\n 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.<\/p>\n Raju\u2019s 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.<\/p>\n A review on the matter will be held in June.<\/p>\n Court documents stated that Raju was allegedly a self-employed foreigner without a valid work pass between March 2024 and April 2025.<\/p>\n Despite this, he purportedly engaged in unlicensed remittance services activities in Singapore when he did not have such a pass.<\/p>\n On July 12, 2024, he allegedly engaged in a conspiracy with one Manickam Suresh Kumar, who is not the 33-year-old man, to give a false statement in a work pass application.<\/p>\n Raju is accused of abetting to make the statement, lying that he would be employed at a company called Sky-V Engineering & Construction as a coordinator.<\/p>\n Between March 1, 2024 and Feb 28, 2025, he allegedly operated an unlicensed cross-border money transfer business in Singapore by accepting more than $10 million.<\/p>\n The amount was purportedly meant to be transmitted to people in India.<\/p>\n Between Feb 28 and April 8, 2025, he is said to have engaged in a conspiracy with someone known only as \u201cSyed\u201d to commit a similar offence linked to more than $28 million.<\/p>\n In an earlier joint statement, the police and the Ministry of Manpower said that the police conducted a raid in Norris Road in Little India after receiving a tip-off.<\/p>\n They then discovered that Raju had purportedly carried out unlicensed cross-border money transfer services.<\/p>\n During the raid, the officers seized more than\u00a0$314,000\u00a0in cash, 30 ATM cards, one hard disk, two mobile phones and multiple remittance transaction record books.<\/p>\n Raju\u2019s case will be mentioned again in court in May.<\/p>\n<\/div>\n