International Asia Johor targeting Singapore workers jailed

Johor loan sharks targeting Singapore workers jailed

Police arrested 21 loan sharks that have been running illegal money lending operations in Johor Baru in a series of raids

Author

Date

Category

- Advertisement -

Johor Baru — are targeting workers in Singapore and charging interest rates of 24 percent to 60 percent per year.

After a series of raids in Johor Baru, police have arrested 21 loan sharks that have been running illegal money lending operations. They have been targeting vulnerable Singapore workers as well as individuals blacklisted by banks and other lawful financial institutions.

The raids are considered the biggest in 2019 following the discovery of three major loan syndicates across the state.

Unlicensed moneylenders continue to target most vulnerable in Singapore

- Advertisement -

Contrary to previous perceptions of shady back alleys, these loan sharks now operate from their luxury condominiums and stylish houses.

Officers from the Bukit Aman Commercial Crimes Investigations Department and Johor officers conducted the raid and arrests in places such as Iskandar Puteri, Seri Alam and Setia Indah.

Police confiscated several items from the suspects such as dozens of burner cellphones, computers, vehicles, ATM cards, bank books, fliers, and cash.

They also seized a ledger containing personal information of the borrowers.

- Advertisement -

“The suspects were nabbed based on more than a dozen police reports lodged by the victims in the state,” according to an unnamed source quoted by The Star.

Authorities urge the public to go to licensed financial institutions instead of borrowing from these illegal that charge exorbitant interest rates and threaten borrowers with blackmail and harassment./TISG

Ministry of Law announces lower maximum loan amount of S$500 for low-income foreigners and work pass holders

Follow us on Social Media

Send in your scoops to news@theindependent.sg 

- Advertisement -

Kumaran Pillai shares racist incident where Indian woman was called ‘black monster’, ‘black girl’

Singapore -- The Progress Singapore Party’s (PSP) Kumaran Pillai shared an incident where an Indian girl wrote that she was called “black monster” in primary school. He added that there are two kinds of racists - an outright one, and one...

Man allegedly shouts at McDonald’s manager because there is ham in egg mayo sandwich

Singapore – A member of the public took to social media to commend the staff manager of a McDonald's outlet for handling well an angry customer complaining about the ham in his egg mayo sandwich. A netizen took to Facebook page Complaint...

Man who pretended to be ‘sugar mummy’ gets 10 months jail for sex with boy, 17

Singapore—A 26-year-old man was sentenced to 10 months' jail on Monday (June 14) for having procured the sexual services of a 17-year-old boy. The man, Muhammad AL-Masfuiin Mushin, pretended to be a “sugar mummy” in order to entice the boy to come...
Follow us on Social Media

Send in your scoops to news@theindependent.sg 

Theindependent