10 under investigation for $200k fraud after 125 SIM cards found in car in Yishun accident
Nine men and one woman, aged between 22 and 71, are under police investigation for their suspected involvement in a case of conspiracy to commit cheating involving telecommunications fraud.
The ten subjects are believed to be involved in receiving criminal proceeds of more than $200,000.
The police said they were alerted to a road traffic accident involving a car and a van along Yishun Avenue 11 on June 11, at around 6.10am.
They added: "While attending to the accident, officers discovered 125 SIM cards from multiple mobile service providers in the car."
Both the car driver and his passenger were arrested at the scene.
Through follow-up investigations, officers from Woodlands Police Division uncovered a fraud scheme which involved the forgery of business registration profiles.
The subjects would allegedly use these profiles to apply for mobile plans and the corresponding mobile phones. They would then sell the mobile phones for profit and retain the SIM cards for other illicit purposes.
Two men, aged 22 and 29, have been charged with an offence of fraudulent possession of properties, which carries a jail term of up to one year and/or a fine of up to $3,000.
Two other men, aged 33 and 46, have been charged with conspiracy to commit cheating, which carries a jail term of up to 10 years and a fine.
The remaining six people, aged between 37 and 71, are assisting with police investigations.
The police said they they take a serious stance against anyone who may be involved in a conspiracy to defraud or cause wrongful loss to businesses
See something interesting? Contribute your story to us.
