A 69-year-old man has been detained for his alleged role in a cheating case.
The incident happened back in July 2021, the Police were contacted by a victim who wanted to take a $15 million loan.
The scammer told the victim to pay $1.5 million in order to secure the loan. The victim was told that the amount paid will go to a loan broker and the victim will receive the $15 million loan in cash installments.
Preliminary investigations found that the individual reportedly kept $1.25 million of the $1.5 million paid by the corporation, with the remaining going to the loan broker. Following that, the individual remained uncontactable and allegedly failed to repay the money.
On January 5, 2022, officers from the Central Police Division launched an operation and apprehended the individual. As case exhibits, electronic devices were confiscated. According to preliminary investigations, the guy is suspected of being engaged in other similar incidents.
The man has since been charged with cheating, if he is found guilty of cheating he can be jailed for up to 10 years along with a fine.
For more information on scams, members of the public may visit www.scamalert.sg or call the Anti-Scam Hotline at 1800-722-6688.
Anyone with information on such scams may call the Police Hotline at 1800-255-0000 or submit information online at www.police.gov.sg/iwitness.