Monthly Archives: August 2016

Moneylender review - Ex-UOB Staff jailed for selling customer details to loanshark

Ex-UOB staff gave details to loanshark

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A former compliance officer at United Overseas Bank (UOB) was sentenced to 12 weeks’ jail. This was for giving customers’ details to an unlicensed moneylender. Koh Chee Tong, 30, faced four charges under the Computer Misuse and Cybersecurity Act. He previously pleaded guilty at his trial on Nov 25 last year. In November, the court found that Koh […]

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Moneylender review - Man illegally sold and registered SIM cards to unlicensed moneylenders

Man illegally registered SIM cards

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A man flooded the market with more than 66,000 illegally registered SIM cards. He is sentenced to four years’ jail on Thursday (Jul 21). Tan Kong Chieh, 42, pleaded guilty to 220 counts under the Computer Misuse and Cybersecurity Act. He used the stolen identities of foreign nationals to falsely register 66,445 SIM cards between January […]

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Moneylender Review - Money for needy stolen by MSF employee

Money meant for needy stolen

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His job involved disbursing money to low income families in need of financial help. But a Ministry of Social and Family Development (MSF) employee allegedly transferred the money to his own bank accounts. He then use the money to pay off his debts and lead a lavish lifestyle. In addition, he also repaid his debts, amounting to about $13,000, to several licensed moneylenders. Furthermore […]

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Credit Review - What can debt collectors do?

Debt Collectors in Singapore. Who are they?

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The classic images of a pig’s head and O$P$ splattered in red on corridor walls sum up feelings about debt collectors. While legitimate debt collection agencies might not be using loanshark runners’ tactics, these actions can still border on harassment. If you’ve have trouble paying your bills then you may be the recipient of unwanted attention from a […]

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Credit Review - Kuala Lumpur Money Lender Shooting

Money lender shot 16 times in Kuala Lumpur

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A money lender was shot 16 times which led to his death in a gruesome incident in Kuala Lumpur on Wednesday afternoon (July 27). The man, a 43-year-old moneylender and father of three, was driving along the road alone when four men on two motorcycles approached his car. They came when the victim’s car was at […]

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