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Moneylender convicted on two charges

Published on Feb 3, 2014 5:11 PM
 

The manager of an errant licensed moneylending company was fined $15,000 on Monday.

Lee Zhe Kai faced six charges in the Subordinate Courts, including recklessly furnishing false information to the Registry of Moneylenders and granting an unsecured loan to a Singaporean borrower that exceeded the prescribed limits.

He pleaded guilty to two charges and the other four were taken into consideration.

The 34-year-old, formerly known as Kee Yong Hwa, is the manager of Clementi-based 77 Moneylender Pte Ltd, which has held a moneylending licence since Feb 2, 2011.

 
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