11 men arrested for suspected involvement in illegal moneylending
A nine-hour operation that started on Wednesday and ended early Thursday morning saw 11 men arrested for suspected involvement in an unlicensed moneylending syndicate, the police said in a statement.
Officers from the Criminal Investigation Department and the Police Intelligence Department conducted simultaneous raids at several locations across the island including Jurong, Jalan Bukit Merah and Jelapang Road, resulting in the arrests of the 11 men who are between 27 and 55 years old.
Items involved in the moneylending syndicate such as mobile phones, laptops, a plastic bottle containing black paint and cash amouting to about $8,920 were seized during the operation.
The syndicate operated both locally and overseas and is believed to be linked to more than 580 harassment cases in Singapore since 2009.