343 people under investigation over scams involving more than S$6 million

SINGAPORE: A total associated with 236 men and 107 women are being researched for their suspected involvement in scams following a two-week police operation.

The particular suspects, aged between 14 and 78, are believed to be linked to more than 857 instances of scams, either as scammers or money mules, mentioned the police in a seo press releases on Friday (Jul 22).

The particular scams, which include Internet love scams, govt and China officials impersonation scams, web commerce scams and company email impersonation ripoffs, saw victims reduce close to S$6. one million.

The particular suspects are being researched for the alleged offences of cheating, money laundering or delivering payment services without a licence.

The operation,   carried out by the Commercial Matters Department and seven police land sections, took place between Jul 8 and Jul 21.

All those found guilty of cheating face a jail term of up to 10 years and a fine.

For money laundering, those people convicted can be jailed up to 10 years, fined up to S$500, 000, or both.  

The offence of carrying on a business to provide any type of payment service within Singapore without a licence carries a fine not exceeding S$125, 500, an imprisonment phrase not exceeding three years, or both.

“To avoid being an accomplice to crimes, members of the public should always reject requests by other people to use your bank account or mobile lines while you will be held responsible if these are linked to crimes, ” said the police in its news release.

Those who desire to provide any information on scams may call the police hotline in 1800 255 0000 or submit information online.