How many individuals allegedly provided bank accounts for illegal lending?

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36 Individuals Suspected of Providing Bank Accounts for Illegal Lending Operations

Investigations are underway concerning 36 individuals believed to have facilitated illegal lending activities by opening bank accounts and subsequently handing over their ATM cards, PINs, or internet banking tokens. These actions are understood to have directly supported unlicensed moneylending operations.
Suspects Involved in Facilitating Lending

The 36 individuals are part of a larger group of 69 people being investigated for suspected involvement in unlicensed moneylending. These suspects, with ages ranging from 15 to 76, were apprehended during a seven-day operation conducted across Singapore.
Mechanism of Facilitation

Preliminary findings indicate that these individuals provided the necessary banking infrastructure for illegal lenders. By handing over access to their bank accounts, including ATM cards and associated credentials, they enabled the transfer of funds for illicit loan activities.
Broader Investigation Scope

This specific group's actions fall under a wider police probe that identified various roles within unlicensed moneylending syndicates. Other individuals were found to have harassed debtors or acted as runners for fund transfers, highlighting multiple facets of these illegal operations.

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How many individuals allegedly provided bank accounts for illegal lending?

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