Singapore Police Investigate 528 for Scam Over Illegal Money Lending

AceBreakingNews – SINGAPORE, July 12 (Xinhua) — Singaporean police are investigating 528 suspects for over 2,200 scam and unlicensed moneylending cases following an enforcement operation from July 1 to July 10, according to the latest statement from the police.

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Ace Press News From Cutting Room Floor: Published: Jul.13: 2024: 2024-07-12 17:47:00
[Source: Xinhua] [Full Text] Xinhua News Agency Latest News, [Jul 12, 2024 at 10:53] TELEGRAM Ace Daily News Link https://t.me/YouMeUs2 

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Up to 425 were probed for scam and money laundering offenses. The police said victims lost over 10 million Singapore dollars (7.4 million U.S. dollars) in the cases.

Another 103 suspects were under investigation for loan scams and loansharking activities.

A total of 41 persons were under arrest. Investigations against all the suspects are ongoing, the police added.

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