Man in SG charged for possessing S$28,500 in accounts allegedly used to launder scam monies

The police said they received a report from a victim of a parcel scam who had transferred S$10,000 (RM31,700) to a bank account given to her by a purported delivery company. — Pay online photo created by jannoon028 -

SINGAPORE: A 54-year-old man was charged on Thursday (June 23) for possessing monies totalling S$28,500 (RM90,346), suspected to be benefits from parcel scams.

Danny Lim Kok Tiong had two bank accounts that were allegedly used by criminals to launder monies derived from the scams, the police said in a statement on Thursday.

ALSO READ: Woman in SG charged with possession of criminal proceeds after two women lose S$290,000 to love scams

He was also charged for purportedly forging an invoice for the purpose of cheating. The invoice was said to have been submitted to remittance agents when he arranged to send money overseas.

The police said they received a report from a victim of a parcel scam who had transferred S$10,000 (RM31,700) to a bank account given to her by a purported delivery company.

ALSO READ: SG woman, 63, charged with opening bank accounts that criminals used for laundering scam proceeds

Investigations showed the victim had befriended a person over social media who promised her that she would receive a parcel containing money and jewellery.

“Subsequently, she received messages from a purported delivery company that her parcel had arrived at customs, but she was required to pay S$10,000 (RM31,700) in order not to subject her parcel to investigations for money laundering,” the police said.

The victim realised she had been cheated when police officers contacted her, they added.

Further investigations showed that the bank account belonged to Lim.

ALSO READ: Two women in Singapore to be charged for involvement in Internet love scams

Separately, police discovered that S$18,500 (RM58,645) was transferred by another victim to Lim’s other bank account.

The offence of possessing property reasonably suspected to be benefits of criminal conduct carries a jail term of up to three years, a fine of up to S$150,000 (RM475,727), or both.

Those convicted of forgery for the purpose of cheating may be jailed for up to 10 years and fined.

The police advise the public to always reject requests to share the use of their banking facilities to receive and transfer funds. – The Straits Times (Singapore)/Asia News Network

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!



Next In Tech News

Private chef stuns TikTok with US$3,500 grocery bill for 36 items. ‘Grossly out of touch’
Opinion: How Sam Bankman-Fried exploited the ‘effective altruism’�fad to get rich and con the world
Robot pets help these US seniors make friends
NYPD officers, bystander save man who fell on subway tracks
India regulator asks One 97 Communications unit to reapply for payment aggregator licence
Mercedes-Benz criticized for hiding fast acceleration behind paywall
Catfishing cosmonauts, scamming soldiers: Never fall in love online?
Opinion: Billionaires like Elon Musk, Sam Bankman-Fried didn’t save the world. They wrecked it. Let’s take it back
Elon Musk says Twitter's ban on Trump after Capitol attack was 'grave mistake'
Metaverse is a risk to human social skills, Abba Voyage producer says

Others Also Read