A 60-year-old Singaporean man and a 45-year-old Filipino woman were arrested on Sunday for allegedly running an unlicensed moneylending business targeting foreign domestic workers.
According to reports in Singapore, the pair had allegedly issued loans to foreign domestic workers from November last year, according to a police statement issued on Monday.
Officers from the Criminal Investigation Department, Woodlands Police Division and Tanglin Police Division arrested the pair in the Orchard Road area during an operation on May 12.
Two mobile phones, records of unlicensed moneylending activities and cash were also seized from the pair, who were expected to be charged under the Moneylenders Act on May 14. Upon conviction, offenders can be fined a minimum of S$30,000 and a maximum of S$300,000, jailed for up to four years and may also get six strokes of the cane.
Police also urged employers to remind their workers to stay away from unlicensed moneylenders and to not work with or assist unlicensed moneylenders in any way, or they would be repatriated and barred from working in Singapore.