Two Men Arrested For Cheating
The Police have arrested two men, aged 32 and 35, for their suspected involvement in two separate cases of cheating.
In the first case, on 15 August 2018, the Police received a report that a financial consultant had altered documents to deceive victims into believing that the guaranteed returns were higher. The victims then transferred money to the 32-year-old man’s account, believing that the returns will be higher, which was not true. The total amount cheated amounted to S$185,000. Through investigations, officers from Central Police Division established the identity of the man and arrested him on 14 August 2019.
In the second case, on 12 September 2017, the Police received a report that a man had perpetrated several investment scams against victims amounting to S$417,000. When the victims demanded for their returns on investments, the man came up with various reasons to delay the repayment. Through investigations, officers from Central Police Division established the identity of the man and arrested him on 19 August 2019. Preliminary investigations revealed that the man had also forged various documents, including documents from public agencies, in order to justify the delay in repayment.
The two men will be charged in court on 20 August 2019 with cheating under Section 420 of the Penal Code, Chapter 224. If convicted, he shall be punished with imprisonment for a term which may extend to 10 years and shall be liable to a fine.
Source: Singapore Police Force