13 arrested for issuing illegal loans in MBS casino

SINGAPORE - Police have arrested 13 people - nine men and four women, aged between 30 and 65 - for their suspected involvement in issuing illegal loans to players in the Marina Bay Sands (MBS) casino.

On Feb 26, 2014, officers from the Criminal Investigation Department (CID), supported by the Police Intelligence Department, the Casino Regulatory Authority and MBS, conducted an operation at the casino as well as other locations in Singapore to crackdown on a syndicate suspected of operating in the MBS casino.

Preliminary investigations revealed that the suspects were believed to have operated in the casino by giving out illegal loans to players.

Police will continue to ensure that such illicit activities are dealt with swiftly to prevent criminal groups from operating in the casinos.

Six of the suspects will be brought to court while investigations against the remaining suspects are ongoing.

Persons found guilty of operating or assisting in the operation of a loansharking business may be fined not less than $30,000 and up to $300,000, with mandatory imprisonment of up to four years and shall be liable to caning of up to six strokes.

spanaech@sph.com.sg