SINGAPORE: A 55-year-old man has been arrested for his suspected involvement in a case of investment scam, the police said on Sunday in a news release.
After the transfers were made, the woman discovered that her account was blocked and she was unable to access the online investment platform or recover the money she had transferred.Through investigations, officers from the Bedok Police Division established the identity of the 55-year-old man, who is the alleged owner of the specified bank account, and arrested him on Sep 14.
If found guilty under the Corruption, Drug Trafficking and Other Serious Crimes Act, he may be jailed for up to 10 years, fined up to S$500,000, or both.
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