Mobile phone retailer raided for suspected illegal moneylending

ST VIDEOS: JOYCE LIM
Police taking away evidence after carrying out a raid on one of Kata Store's three outlets at Lucky Plaza yesterday. The retailer sold vouchers which maids used to remit money home - a practice which allegedly went around new borrowing caps meant to
Police taking away evidence after carrying out a raid on one of Kata Store's three outlets at Lucky Plaza yesterday. The retailer sold vouchers which maids used to remit money home - a practice which allegedly went around new borrowing caps meant to protect low-income migrant workers in Singapore.ST PHOTO: MARK CHEONG

A mobile phone retailer at Lucky Plaza which sold vouchers that maids used to remit money back home had its three premises raided yesterday by police investigating allegations of illegal moneylending.

The practice allegedly went around new borrowing caps meant to protect low-income migrant workers here.

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A version of this article appeared in the print edition of The Straits Times on January 26, 2019, with the headline 'Mobile phone retailer raided for suspected illegal moneylending'. Subscribe