SINGAPORE: The Singapore Police have apprehended a 41-year-old man believed to be linked to a case involving the laundering of illicit funds amounting to a staggering S$273,800 (approximately US$200,823).
The arrest comes after an extensive investigation into the alleged victim’s ordeal, who fell victim to a scam perpetrated by an individual she met through social media.
The incident came to light on 17 September, when the Singapore Police received a distressing report detailing how an unidentified individual had duped the victim via an online platform.
According to the victim, she withdrew substantial sums of cash on different occasions, ultimately entrusting the scammer with a substantial sum of S$150,000.
Dedicated officers from the Central Police Division sprang into action, launching a thorough investigation into the matter.
Within a mere five hours of receiving the report, the suspect was apprehended on the same day.
Authorities also seized several items believed to be accessories used in the commission of the alleged crime, which will serve as crucial case exhibits.
The 41-year-old suspect is scheduled to appear in court on Tuesday (19 Sept), facing charges of money laundering under the Corruption, Drug Trafficking, and Other Serious Crimes (Confiscation of Benefits) Act 1992.
If convicted, the offender could face severe penalties, including a prison term of up to 10 years, a fine not exceeding S$500,000, or both.
The Singapore Police Force has made it abundantly clear that they take a stern stance against individuals involved in the illicit laundering of the proceeds of criminal activities.
“To avoid being an accomplice to crimes, members of the public should reject requests from others to register companies, open bank accounts or receive money, as you may be held accountable if they are used for criminal activities.”
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