A TEENAGER who allegedly harassed debtors on behalf of loan sharks is now accused of selling his bank accounts which were then used to keep more than S$260,000 (RM807,000) made from criminal activities.
The 17-year-old Singaporean was handed three charges yesterday under the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act. He cannot be named as he is under 18.According to court documents, he allegedly sold three of his bank accounts to unknown persons on messaging platform Telegram between January and April last year.
The police said the teenager is believed to be the holder of bank accounts linked to a series of cheating cases.
They added that between May and August last year, officers received multiple reports about an alleged investment scam related to several bank accounts.
The victims are said to have lost more than $250,000 (RM775,000).
They had befriended unknown persons online who purportedly got them to make investments on online trading platforms.
“The victims then received instructions to deposit their monies into specific bank accounts in order to make investments on the online trading platforms,” the police said.
“After depositing their monies, the victims realised that the invested monies were lost or (could not) be withdrawn from the online trading platforms.”
Through follow-up investigations, officers from Woodlands Police Division managed to establish the teenager’s identity and arrested him on Wednesday.
“Preliminary investigations revealed that the teenager had allegedly opened and sold numerous bank accounts, with the knowledge that the bank accounts would be used for illicit gains,” said the police.The teenager had earlier been charged with eight counts of acting on behalf of unlicensed moneylenders, two counts of theft and one count of disturbing the peace by fighting in a public place.
In November and December 2019, he allegedly went to multiple HDB blocks of flats islandwide to commit acts such as splashing paint on the front doors of some homes. — The Straits Times/ANN