On 25 May 2021, food delivery rider John Koh was looking for an investment loan of $25k, and he decided to Google for any licensed money lender around. He was directed to a website “galaxyfinances.net”. John decided to contact the number on the webpage “81918410”. “A man named Donald who …
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DEBTS INCURRED BY MAINLAND CHINESE IN SG CASINOS ALMOST UNRECOVERABLE
Singapore's casinos have a problem with attracting revenue from mainland tourists, and face even more problems trying to recover their debts from Chinese gamblers, who simply have to flee back to China to evade payment.
Read More »SG PR RACKED UP DEBTS UNDER FRIEND’S NAME BEFORE FLEEING SG
This man here is my God brother , he has been my friend for 15 years & we live together . He was like my brother & he was family to me . But due to recent events he borrowed money from the '' ahlongs '' , Legal money laundering companies & many other firms .
Read More »Govt mulling over more measures to strengthen moneylending rules
The government is considering additional measures to strengthen moneylenders' regulatory regime, Law Minister K Shanmugam said in a Facebook post on Monday. The measures also serve to complement the Monetary Authority of Singapore's 12 months' income limit on unsecured borrowings from financial institutions.
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