T
Taigong Wang
Guest
Aug 5, 2011
Duo charged with unlicensed moneylending at casino
By Elena Chong
Two Malaysian women were charged in court on Friday with unlicensed moneylending at Resorts World Sentosa casino. -- ST PHOTO: MUGILAN RAJASEGERAN
TWO Malaysian women were charged in court on Friday with unlicensed moneylending at Resorts World Sentosa casino.
Lee Chai Thing, 49, allegedly gave loans totalling $12,000 to one Tan Kock Yang, charging him a daily interest rate of 3 per cent, at the casino between Aug 1 and 3.
The other woman, Ban Pei Chin, 24, is accused of helping Lee issue three loans of $2,000 to $3,000 to Mr Tan, totalling $8,000.
She allegedly helped Lee to issue two loans of $1,000 and $500, charged at 4 per cent interest daily, to a debtor named The Siew Nai last month.
Both are out on $60,000 bail.
They will be back in court on Aug 19.
