Singapore investigates loan-sharking activities. THE STRAITS TIMES/ANN/VNA Photo

SINGAPORE Singaporean authorities are currently investigating 112 suspects in connection with loan-sharking activities.

Of the 112 individuals, 22 are believed to have harassed debtors at their residences. Meanwhile, 47 others allegedly facilitated illegal moneylenders by executing ATM transfers on their behalf, acting as intermediaries in the unlawful operations.

One individual was reported to have supplied six SIM cards to an illegal moneylender, helping them maintain anonymity while conducting their business.

The remaining 42 suspects were involved in opening and managing bank accounts that were used by the illegal lenders to launder funds and conduct transactions.

The suspects are aged between 16 and 77. Investigations are still ongoing as authorities work to identify the full extent of the network and its operations. VNA/VNS