City Plaza on Geylang Road in Singapore. Photo: Google Maps

A 68-year-old man was arrested outside a shopping mall on Sunday on Geylang Road in Singapore for allegedly offering unlicensed moneylending services to foreign domestic workers.

On October 29, police were told the man was outside the City Plaza mall every Sunday and approached Indonesian domestic workers and made them offers of loans or help with remittances, the Shin Min Daily News reported.

The mall, which is close to Little India, is a popular place for migrant domestic workers to hang out and send money to Indonesian over the weekend.

The man could speak fluent Indonesian and allegedly lured customers into his money-related services. However, he charged them S$35 per remittance, far more than the market price (S$8-S$12) of legal moneylenders inside the mall.

On November 4, police arrested the man while he was in the middle of a suspicious transaction. His notebook, which recorded every transaction, about S$3,000 in cash, four mobile phones and six debit cards were also seized.