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Leasing firms in Singapore under probe for alleged moneylending to maids
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Xpress Leasing and Micro Leasing are currently being investigated for their business activities.
ST PHOTO: DESMOND WEE
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SINGAPORE - Felyn, a Filipino maid, was barred from taking out loans from licensed moneylenders under the 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 to the firm and then leasing it back.
