‘Loan shark teen sold S$260k bank accounts’

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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…

Read full article at www.thestar.com.my