Leasing firms under probe for alleged moneylending
They appear to be sidestepping rules to deter moneylenders from targeting foreigners
Sign up now: Get ST's newsletters delivered to your inbox
Filipino maid Felyn was barred from taking out loans from licensed moneylenders under a self-exclusion framework, so she tried to borrow from a friend.
The friend instead told Felyn that she could get quick cash from a leasing firm by selling her mobile phone and then leasing it back.
