An illegal moneylender who targeted a niche market of vulnerable Filipino maids was jailed for 44 months and fined $450,000 in one of the biggest such prosecutions.
A district court heard that K. Ramakrishna Kannusamy, 47, who kept their passports and work passes as collateral, made about $100,000 in profits between 2014 and last year by charging 10 per cent to 20 per cent interest rates.
The Singapore permanent resident admitted to 15 charges of illegal moneylending, five charges under the Passport Act and one charge under the Employment of Foreign Manpower Act.
Lawlessness in sinkie land getting out of control, even foreigners not afraid of going on crime sprees.
This ah neh permanent squatter is a special breed, he knows how to use his squatter permit to make money, illegally and at the same time, he knows pappies will not deport him after jail time
LKY wanted foreign talents and all he got are foreign crooks, rogues and criminals. A weak law enforcement and blur blur judges make it worse for sinkie land.