Charged for letting loansharks use bank accounts
Bank accounts allow syndicates to perform 'rapid electronic transfers'. -ST
Fri, Oct 30, 2009
The Straits Times
By Teh Joo Lin
A GROUP of 15 Singaporeans were charged in court on Friday for letting a loanshark syndicate use their bank accounts.
They had allegedly opened bank accounts only to hand their ATM cards and personal identification numbers over to the syndicate for activities like debt collection.
They are suspected of having done so for money and to avoid harassment from the loansharks, said the police in a statement.
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