SINGAPORE - Two men have been arrested for their suspected involvement in an inheritance scam, the Singapore Police Force said on Tuesday (March 7).

On Monday, the police received a report from a victim stating that between February 2016 and March 2017, he handed more than $45,000 to the first suspect, purportedly for the latter to help their mutual friend (the second suspect) pay the Malaysian authorities.

The purpose of the payment was to facilitate the retrieval of an inheritance, which was said to amount to more than US$15 million (S$21.1 million).

Despite promises that his loan would be returned, the victim failed to recover his money from both suspects.

Officers from Bedok Division conducted extensive investigations and established the identities of the suspects, aged 58 and 62 respectively.

The duo were subsequently arrested along Bedok Reservoir Road on Tuesday.

Any person found guilty of cheating may be imprisoned for up to 10 years, on top of having to pay a fine.