What is the age range of suspects involved in unlicensed moneylending raids?

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The age range of suspects involved in unlicensed moneylending raids in Singapore spans from 15 to 76 years old.

Singapore police are investigating 69 individuals for suspected involvement in unlicensed moneylending activities following a series of islandwide raids conducted between July 1 and July 7. The youngest suspect apprehended was 15 years old, while the oldest was 76. Preliminary findings indicate various roles within these operations, including debt harassment, acting as runners, and facilitating illegal lending through bank accounts.
Suspects Investigated for Unlicensed Moneylending

A total of 69 individuals are currently under investigation for their suspected roles in unlicensed moneylending. These individuals, aged between 15 and 76, were apprehended during a seven-day operation that covered the entire island. The police investigations revealed different levels of involvement, with some suspects alleged to have harassed debtors, while others acted as runners for the illegal operations.
Roles in Facilitating Illegal Lending

The investigations have identified specific functions performed by the suspects. Preliminary findings suggest that nine individuals were involved in harassing debtors at their residences. Additionally, 15 individuals acted as runners, primarily by conducting ATM transfers to facilitate transactions for unlicensed lenders. A significant group of 36 individuals are believed to have provided access to their bank accounts, including ATM cards, PINs, or internet banking tokens, to aid illegal lending operations.
Cross-Border Moneylending Probe

In parallel, nine other individuals, aged between 18 and 67, are being investigated for suspected cross-border moneylending activities. These probes were initiated based on information received from Malaysian authorities. This group, consisting of three men and six women, allegedly supplied mobile numbers and bank accounts to unlicensed lenders operating in both Singapore and Malaysia, highlighting the transnational nature of such criminal enterprises.

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What is the age range of suspects involved in unlicensed moneylending raids?

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