Police arrest 2 men in Orchard Road, another in Jurong for laundering money made from scams
Three men, aged between 22 and 40, were arrested on Dec 5 for their suspected money laundering linked to scams.
During the arrest of two of the men in Orchard Road, the police seized two mobile phones, 51 bank cards and cash amounting to $34,700.
Preliminary investigations revealed the duo allegedly withdrew scam-derived illicit proceeds from several compromised bank accounts which did not belong to them.
They had allegedly facilitated the laundering of scam proceeds by withdrawing the money and re-depositing the cash into other bank accounts or handing over the money to couriers or runners arranged by the syndicate.
The two men were charged in court on Dec 7 with abetment to unauthorised access to computer system of banks, which carries an imprisonment term of up to two years, a fine up to $5,000, or both.
Upon further investigations, the police arrested another 40-year-old man in Jurong, who is believed to have facilitated scam activities by moving large amounts of physical cash by collecting and handing it over to others on behalf of the syndicate.
Two mobile phones and cash amounting to more than $217,000 were seized as case exhibits.
Police investigations are ongoing.
