2 Malaysian women caught for illegal moneylending at casino

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2 Malaysian women caught for illegal moneylending at casino

Postby DM101 » Thu Aug 04, 2011 9:37 pm

POLICE have arrested two Malaysian women, aged 24 and 49, at the Resorts World Sentosa (RWS) casino for suspected involvement in unlicensed moneylending activities.

This took place after officers from the Criminal Investigation Department (CID) and the Police Intelligence Department, with assistance from the casino operator, conducted a sting operation on Wednesday at the integrated resort.

Preliminary investigations revealed that both suspects had illegally disbursed loans with interest to patrons gambling at the casino.

This is the first case of its kind here and if found guilty of operating or assisting in the operation of an unlicensed moneylending business, the women are liable to be punished with fines of not less than $30,000 and up to $300,000 and mandatory imprisonment of up to 4 years.

Head of the CID Casino Crime Investigation Branch, police superintendent Michael Ang said police will not permit any forms of illegal activities to take root in the casinos and will continue to work closely with the Casino Regulatory Authority and the casino operators to keep the crime situation at the casinos under control.

'We will not hesitate to take stern and swift action against those involved. Foreigners involved in such illicit activities risk being prohibited from re-entering Singapore in future. Casino patrons are also advised not to accept illegal loans from unlicensed moneylenders and should report any such activities to the Police immediately,' he added.

Source:Straits Times
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Re: 2 Malaysian women caught for illegal moneylending at cas

Postby Pogothefrog » Sat Sep 24, 2011 8:02 am

wow, foreigners also come to have some of the market share hahahah
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