Following a five day operation conducted between 15 and 19 June 2020, officers from the Commercial Affairs Department arrested five men, aged between 26 and 46, for their suspected involvement in fraudulent application of credit cards involving a bank in Singapore.
In February 2020, the Police received a report that several credit card applications were found to be supplemented with Central Provident Fund (CPF) documents believed to be forged.
Through investigations, officers from the Commercial Affairs Department established the identities of the five men and arrested them during the operation. Preliminary investigations revealed that they are believed to have approached individuals to arrange for fraudulent loan applications, supplemented with forged CPF documents, amounting to more than $88,000. Investigations against the five men are ongoing.
Another 18 men and four women, aged between 24 and 46, are investigated for their suspected involvement in allowing their particulars to be used in the submission of fraudulent applications of credit cards. Preliminary investigations revealed that they were approached by purported loan brokers and allowed their particulars to be used to apply for credit card facilities. Several credit cards, mobile phones, personal apparels, pawn tickets and a gold ring were seized as case exhibits.
The offence of forgery for the purpose of cheating under Section 468 of the Penal Code, carries a jail term of up to 10 years and a fine.
The Police take a serious view against any person who may be involved in the forgery for the purpose of cheating and the perpetrators will be dealt with in accordance with the law.
Members of the public who wish to apply for credit cards and credit facilities should do so through an authorised credit card company or bank. To prevent any abuse, do not hand your personal documents and information to unauthorised persons, claiming to be loan brokers.
Case Exhibits Seized
SINGAPORE POLICE FORCE
22 June 2020 @ 6:10 PM