Tag Archives: unlicensed money lender

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 …

A 31 year-old man was arrested after issuing loans of up to about $26,000 to other foreign nationals in Singapore. He demanded a 20% monthly interest on these loans.