Updated: 02/27/2014 23:08 | By Channel NewsAsia
13 arrested for issuing illegal loans in MBS casino
SINGAPORE: Police have arrested 13 persons, aged between 30 and 65, for their suspected involvement in issuing illegal loans to players in the Marina Bay Sands (MBS) casino.
On February 26, officers from the Criminal Investigation Department (CID), supported by the Police Intelligence Department, the Casino Regulatory Authority and MBS conducted an operation at the MBS casino as well as other locations in Singapore to crackdown on a syndicate suspected of operating in the MBS casino.
Preliminary investigations revealed that the suspects -- nine men and four women -- were believed to have operated in the casino by giving out illegal loans to players.
In a statement, the Police say they will continue to ensure that such illicit activities are dealt with swiftly to prevent criminal groups from operating in the casinos.
Six of the suspects will be charged in Court on February 28 under the Moneylenders Act.
Investigations against the remaining suspects are ongoing.
Under the Moneylenders Act, those found guilty of operating or assisting in the operating of a loansharking business may be fined S$30,000 to S$300,000.
They also face mandatory imprisonment of up to four years, and caning of up to six strokes.
- CNA/fa
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