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A total of 252 people were arrested for various crimes during a 16-day crackdown operation led by the Bedok Police Division.
Most of the suspects were arrested for crimes related to fraud and loan sharking activities, while a small number were arrested for drug offenses and other crimes.
The suspects, aged between 16 and 76, are 186 men and 66 women.
The operation was carried out from November 23 to December 8, the police reported yesterday in a statement.
Of the 252 people, 50 men and 19 women are being investigated for alleged involvement in e-commerce scams and money laundering activities, with the value of the transactions exceeding $ 1.5 million.
Another 129 men and 45 women, ages 18 to 76, are being investigated for loan scams and loan encroachment activities involving transactions of more than $ 216,000.
MONEY LENDERS LAW
Among them, 11 men and eight women, between the ages of 20 and 61, were arrested for crimes under the Lenders Act.
The crime of cheating carries a jail term of up to 10 years and a fine, while money laundering is punishable by a jail term of up to 10 years and a fine of up to $ 500,000.
First-time offenders found guilty of assisting in unlicensed money loans can be fined between $ 30,000 and $ 300,000 and imprisoned for up to four years with mandatory lashing of up to six strokes.
Repeat offenders are liable for the same fine, but face an increased jail term of up to seven years and a mandatory beating of up to 12 strokes.
Four other men and two women, ages 16 to 59, were arrested for drug-related offenses with the support of officials from the Central Narcotics Office.
Three other men, between 24 and 42 years old, were also captured for crimes such as criminal intimidation and robbery.
Police said all investigations are ongoing.
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