Authorities in Singapore have launched a massive investigation into nearly 400 suspects of scams and money laundering.
Singapore authorities identified 373 individuals for suspected involvement as scammers or money mules – a person who allows others to use their bank account to transfer money for a fee – according to a statement.
Officers from the Commercial Affairs Department and the seven Police Land Divisions conducted a two-week operation between November 24 and December 7, probing 236 men and 137 women aged between 14 and 80.
1,200 Cases
The suspects are believed to be involved in over 1,200 cases in the city-state. They mainly include scams related to investments, e-commerce, loans, impersonation of government officials, internet love and social media impersonation. Victims reportedly lost more than S$10 million ($7.5 million).
Depending on the charge, suspects could face a maximum penalty of 10 years in prison and a S$500,000 fine.
