Unlicensed money lending syndicate busted in police raid - Singapore Forums by SGClub.com
Singapore Forums by SGClub.com
Sitemap Contact Us FAQ Singapore Forums by SGClub.com
Home Photos Member List Register Mark Forums Read  
Go Back Home > Lifestyle > International & Singapore News » Unlicensed money lending syndicate busted in police raid

Why aren't you a member of SGClub.com yet??

» Join 130,000+ other members in chatting.
» Make lots of new friends here.
» Keep up-to-date with current events.
» Participate in Club outings.
» Download lots of Free Stuff!

Registration just takes 2mins and is absolutely free so join our community today!

I Want to Choose my Own Personal Nickname Now!


Reply
 
LinkBack Thread Tools Display Modes
Old 14th April 2007, 11:59 AM   #1 (permalink)
Experienced SGClubber
djchris is on a distinguished roaddjchris is on a distinguished road

 
Posts: 3,178
Join Date: Jan 2007
Likes: 0
Liked 0 Times in 0 Posts
Gender:

Unlicensed money lending syndicate busted in police raid

SINGAPORE: Police have busted an unlicensed money lending syndicate.

They raided 15 premises around the island during a five-hour operation early Friday morning.

More than S$130,000 was seized and 17 men were arrested.

Other items seized were computers, printers, mobile phones, ATM cards and bank books.

The haul also included records of people in debt and the tools that were used to harass them, such as paint and marker pens.

Police believe the syndicate has a monthly turnover of S$500,000 and about 1,000 records of people in debt in its databases.

It is also likely to be responsible for 230 cases of harassment across Singapore.

Wong Choong Mann, Assistant Director, Specialised Crime Division, Criminal Investigation Department, SPF, said: "This is the largest amount of money that we have seized from illegal money lenders since the formation of anti-money lending task force."


- CNA/so

djchris is offline  
Add to djchris's Reputation Reply With Quote
Reply

Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
Financial Stories ramcem Financial Talk 53 7th June 2007 10:14 PM
WHAT TO DO IF STOPPED BY MALAYSIAN POLICE qing02051981 Automobile Forum 10 13th April 2007 04:35 PM
STRANGER POSTS BOMB HOAX MESSAGE WITH MY NET ACCOUNT I GOT BUSTED INSTEAD Ba0bEi International & Singapore News 11 28th February 2007 12:40 AM
I want to return money, but I can't Ba0bEi International & Singapore News 7 21st December 2006 03:17 PM
Police raid 7 homes to track down illegal downloading funnysnow International & Singapore News 27 18th October 2006 07:50 PM

» Friends
Watch Free Movies Online
Celebrity Gossip
Food Delivery

» Facebook Fans
» What's Going On?
Title, Username, & Date
Wha... McDonalds in Taiwan
Change of course
Favorite Type of Lip Product
WTS > Legend of King ID S1
Should Conscription in NS become a voluntarily Service
Chinese tourists 'blacklisted' and fined for scalding Thai air stewardess in air rage...
MO at Khoo Teck Puat A & E, professional?
handling stubborn teenager
What is the disadvantage of getting a degree from SIM, PSB or MDIS compared to local uni?
Do I need to apply for any license if I am doing a school project in public?
can agents help me in investing my money?
Is Singaporean a good lover?
Woman's story of how jobless hubby gambled away money and visited prostitutes goes viral...
Could you help me with understanding the bank currency exchange rate?
I want to know about an ATM card exclusively for woman.
Cheap 13" Macbook Pro 2010 model battery replacement
SATs subjects to take for NUS Law
Singapore actress strips for the camera: 'We are not having sex, it's just pretending'
Ugliest sleeping face goes to cat in Japan
Inspirational quote of the day
Featured Photos
by aaudreygan
· · ·
Girl Photos
2664 photos
4157 comments
by aaudreygan
· · ·
Girl Photos
2664 photos
4157 comments
by aaudreygan
· · ·
Girl Photos
2664 photos
4157 comments
by aaudreygan
· · ·
Girl Photos
2664 photos
4157 comments
by a8paris
· · ·
Girl Photos
2664 photos
4157 comments
by a8paris
· · ·
Girl Photos
2664 photos
4157 comments
by a8paris
· · ·
Girl Photos
2664 photos
4157 comments
by a8paris
· · ·
Girl Photos
2664 photos
4157 comments
by aaricia
· · ·
Girl Photos
2664 photos
4157 comments
by aaricia
· · ·
Girl Photos
2664 photos
4157 comments

 

All times are GMT +8. The time now is 09:25 PM.


Powered by vBulletin
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Copyrightę 2004-2013 SGClub.com. All rights reserved.