in

12-year-old among 336 people probed over scams, victims lost more than S$13mil

SINGAPORE: A two-week operation by the Commercial Affairs Department (CAD) and the police rounded up 236 men and 100 women allegedly involved in various scams.

In a press release on Saturday (Sept 25), the police said the operation was conducted between Sept 10 and 24.

The suspects were allegedly involved in more than 1,439 Internet love scams, e-commerce scams, government official impersonation scams and job scams.

They were aged between 12 and 74 years old and some were suspected money mules.

Their victims lost more than S$13mil (RM40.20mil).

The police said the suspects are being investigated for cheating, money laundering or providing payment services without a licence.

The offence of cheating carries a jail term of up to 10 years and a fine.

Money laundering under the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act carries a jail term of up to 10 years, a fine of up to S$500,000 (RM1.54mil), or both.

The offence of carrying on a business of providing any type of payment service in Singapore without a licence carries a fine of up to S$125,000 (RM386,597), jail for up to three years, or both.

Police figures showed that between January and June this year, victims had lost S$168mil (RM519.61mil) in total in the top 10 scam categories.

This is more than double the S$63.5mil (RM196.40mil) lost to scams during the same period last year. – The Straits Times (Singapore)/Asia News Network

Reference