SINGAPORE – A total of 240 individuals are being investigated for their suspected involvement in scams that have resulted in victims losing more than $11.3 million, the police said in a statement on Feb 7.
The suspects—156 men and 84 women, aged between 16 and 75—were identified and arrested during a two-week police operation conducted from Jan 24 to Feb 6.
They are believed to be linked to over 900 scam cases, including impersonation scams, investment fraud, job scams, and e-commerce scams.
Possible Charges and Penalties
The individuals are being investigated for offences related to:
- Cheating, which carries a jail term of up to 10 years and a fine.
- Money laundering, punishable by up to 10 years’ imprisonment, a fine of up to $500,000, or both.
- Providing payment services without a licence, which may result in a jail term of up to three years, a fine of up to $125,000, or both.
Public Advisory
The police have warned the public to be cautious and avoid becoming accomplices to scams.
“You should always reject requests by others to use your bank account or mobile lines as you will be held accountable for their misuse,” they stated.
Investigations are ongoing.
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