45 arrested for involvement in unlicensed moneylending activities

[Westwood]

45 arrested for involvement in unlicensed moneylending activities

Published on Jun 28, 2012
By Bryna Sim

Officers from Tanglin Police Division arrested 34 men and 11 women aged between 18 and 74 on Thursday for suspected involvement in unlicensed moneylending activities.

Preliminary investigations revealed that the suspects facilitated unlicensed moneylending activities by allowing their bank accounts to be used by loanshark syndicates to facilitate their business.

Investigations against those arrested are still ongoing.

Under the Moneylenders' Act (Revised Edition 2010), when a bank account or ATM card of any person is used to facilitate unlicensed moneylending, that person is presumed to have assisted the business of unlicensed moneylending.

Read the full story in Friday's edition of The Straits Times.

 

[Baluku]

74 years old can still become dai yi long?

How to beat up people with wobbly legs?

 

[YellowRibbon]

74 years old can still become dai yi long?

How to beat up people with wobbly legs?

[Preliminary investigations revealed that the suspects facilitated unlicensed moneylending activities by allowing their bank accounts to be used by loanshark syndicates to facilitate their business.

Under the Moneylenders' Act (Revised Edition 2010), when a bank account or ATM card of any person is used to facilitate unlicensed moneylending, that person is presumed to have assisted the business of unlicensed moneylending.

The old man only open bank account lah !! Not ah long.

Please read carefully first.

 

[hokkien]

Its still runners that got caught :(