MAN ARRESTED FOR DISHONESTLY RETAINING STOLEN PROPERTY
The Police have arrested a 18-year-old man for his suspected involvement in a case of dishonestly retaining stolen property.
On 19 July 2023 at about 11.10 pm, while on patrol in the vicinity of Sandown Place, officers from Ang Mo Kio Police Division conducted a check on a man and found him in possession of cash amounting to more than $34,000, an assortment of bank ATM cards and mobile SIM cards, four mobile phones and an internet banking token. He was unable to provide a satisfactory account for his possession of the items.
Preliminary investigations revealed that monies from scam cases were deposited into the bank accounts linked to some of the recovered ATM cards. The man is suspected to have used the ATM cards to make cash withdrawals, transfers and deposits, which were linked to criminal activities, on behalf of others.
The man will be charged in court on 21 July 2023 with the offence of dishonestly retaining stolen property under Section 411(1) of the Penal Code 1871. The offence carries an imprisonment term which may extend to five years, or fine, or both.
Commander of Ang Mo Kio Police Division, Assistant Commissioner of Police (AC) Xie Xingmao commended his officers for the arrest. AC Xie said: “Criminal syndicates often rely on money mules to launder proceeds of crime. Money mules may illegally receive and transfer monies from unknown sources or allow their own accounts to be used by others for such transfers. As such, Police will actively pursue and investigate those who do so. Individuals are reminded not to facilitate such transfers of illegal monies.”
PUBLIC AFFAIRS DEPARTMENT
SINGAPORE POLICE FORCE
20 July 2023 @ 9:36 PM
Similar cases
Following a ten-day enforcement operation conducted between 3 and 12 July 2023, officers from Bedok Division are investigating 340 men and 168 women, aged between 14 and 71, for their suspected involvement in more than 2,600 cases of scams and unlicensed moneylending activities.
Of the 508 subjects, 360 subjects are being investigated for their suspected involvement in scams, comprising mainly e-commerce scams, investment scams, job scams, tech support scams, phishing scams, and money laundering offences involving transactions exceeding $14 million. Another 148 subjects are being investigated for their suspected involvement in loan scams and loansharking activities involving transactions exceeding $300,000.
A total of 57 subjects were placed under arrest for their suspected involvement in unlicensed moneylending activities and cheating offences.