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Thursday, October 17th, 2019

Three Men To Be Charged For Syndicated Payment Fraud

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by May 14, 2019 Business

In an island-wide operation conducted on 13 May 2019, the Commercial Affairs Department arrested nine men and a woman, aged between 19 and 29, for syndicated payment fraud involving GrabHitch, a local non-commercial social carpooling service platform.

On 17 April 2019, Grab Taxi Holdings Ltd (Grab) reported that they discovered irregularities in some of their social carpooling drivers’ GrabHitch accounts. Between February 2019 and April 2019, Grab detected at least 13 driver accounts with more than 2000 fraudulent transactions, amounting to more than $41,800 in losses.

Through follow-up investigations, officers from the Commercial Affairs Department established the identities of the suspects. Besides ten individuals who were arrested on 13 May 2019, another three men and a woman, aged between 20 and 28, are also assisting with investigations. Mobile phones, debit cards and a thumb drive were seized as case exhibits.

Three men, believed to be the syndicate masterminds, will be charged in court on 15 May 2019 for abetment by conspiracy to cheat under Section 420 read with Section 109 of the Penal Code, Chapter 224. If convicted, they can be jailed for up to 10 years and fined.

Source: Singapore Police Force

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