According to the media release, a total of 199 individuals were arrested for their suspected involvement in cheating and money laundering. The Singapore Police Force (SPF) had conducted a raid between 16 May 2020 to 29 May 2020.
During the 2 weeks operation, 136 men and 63 women aged between 14 to 63 were arrested for their suspected involvement in 537 cases of cheating. The total amount involved was 1.14 million SGD.
Investigations are ongoing.
According to the law, anyone convicted of cheating will face a jail term up to 10 years. Anyone convicted for money laundering will face a jail term up to 10 years or a fine up to $500,000 or both.
The SPF advises the members of the public not to borrow anyone their bank accounts or phone numbers to anyone for such activities. As the owner of the bank account or phone number will also be held responsible for the act.