Police probing 312 people over alleged links to scams where victims lost over $7 million, Singapore News & Top Stories

 Police probing 312 people over alleged links to scams where victims lost over $7 million, Singapore News & Top Stories

SINGAPORE – More than 300 people are being investigated for their alleged involvement in scams where victims lost more than $7.1 million, the police said on Friday (Sept 10).

This follows an islandwide operation conducted between Aug 28 and Sept 9 by the Commercial Affairs Department and seven police land divisions.

The scams, which total more than 873, comprised mainly Internet love, e-commerce, investment, official impersonation, tech support, job and loan types.

The police are investigating the 312 individuals – 218 men and 94 women, aged between 16 and 71 – for the offences of cheating, money laundering or providing payment services without a licence.

Those found guilty of cheating under Section 420 of the Penal Code can be jailed for up to 10 years and fined.

Individuals convicted of money laundering under the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act can be imprisoned for up to 10…

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