343 people under investigation for scams over S$6 million – Europe Times News

SINGAPORE: A total of 236 men and 107 women are being examined for their suspected involvement in fraud after a two-week police operation.

The suspects, aged between 14 and 78, are believed to have been linked to more than 857 cases of fraud, either as scammers or money mules, police said in a press release on Friday (July 22).

The scams, which include internet love scams, government and Chinese officials impersonation scams, e-commerce scams, and corporate email impersonation scams, caused victims to lose nearly S$6.1 million.

The suspects are being investigated on suspicion of fraud, money laundering or the provision of payment services without a license.

The operation, carried out by the Commerce Department and seven Police Land Departments, took place between July 8 and July 21.

Those found guilty of cheating face up to 10 years in prison and a fine.

For money laundering, convicts can be sentenced to 10 years in prison, a fine of up to S$500,000, or both.

Violation of conducting a business to provide a payment service in Singapore without a license is subject to a fine of up to S$125,000, imprisonment for up to three years, or both.

“To avoid being complicit in crimes, citizens should always decline requests from others to use your bank account or mobile phone, as you will be held accountable if they are related to crimes,” the police said in its press release.

Those wishing to provide information about scams can call the police hotline at 1800 255 0000 or provide information online.