A man has been arrested by police for allegedly giving loan sharks his old address causing the new owner of his flat to become the victims of harassment. The man had used his old address to take out illegal loans from loan sharks and had failed to pay them back.
A Multi Million dollar scam that has affected as many as 30 Singaporeans has been uncovered. The Company known as Suisse International Pte Ltd (SI for short) has been revealed to be a part of a very complex network across Asia designed to con individuals through promises of incredibly high return on investment rates made by investments in gold.
James Raj Arokiasamy, 36, a hacker who called himself ‘The Messiah’ pleaded guilty to 39 counts of misusing a computer and 1 count of consuming drugs. He was sentenced to 4 years and 8 months in jail. ‘The Messiah’ hacked into at least 7 servers in 2013 from his apartment in KL. He hacked into the PAP Community Foundation, Ang Mo Kio Town Council websites as well as three other websites linked to City Harvest Church including Senior Pastor Sun Ho’s website.
Debt-to-GDP ratio is at 251%. Singapore is vulnerable to the triple threat of rising debt, intensifying deflation, and deteriorating dynamics, a report by Morgan Stanley revealed. “Weak demographics and productivity dynamic is weighing on growth in the background, while the combination of high debt and deflationary pressures is adding to these pressures of managing the debt and growth dynamic,” stated the report.
The Singapore Police will start deploying body-worn cameras (BWC) from tomorrow so that front-line officers can wear them and enhance their capabilities in fighting crime. The first area to get the BWCs will be Bukit Merah West where officers will start wearing the cameras while on duty starting Friday. The BWC will then be rolled out to officers at different areas with officers from another 5 NPCs to have BWCs by June this year.
A 64 year old woman shared her story of how she signed up as the guarantor for her friend who borrowed from a loan shark. When her friend failed to pay off the debt, she had to become a runner to pay off their debts before being turned in by that same friend and having to serve jail time. In an interview with TNP, she shared that her story began in 2009 when she foolishly agreed to be a guarantor for 5 friends who had each borrowed $1000 from a loan shark.