Singapore Cracks Down on Illegal Money Transfers: Indian National Charged
Raju Krishnamoorthi, an Indian national, has been charged in Singapore for running an unlicensed cross-border money transfer business worth over SGD 38 million. He allegedly operated without a valid work pass and conspired with others. Authorities seized substantial cash and materials during a raid in Little India.
- Country:
- Singapore
An Indian national, Raju Krishnamoorthi, was charged in a Singapore court with operating an unlicensed cross-border money transfer service involving transactions over SGD 38 million, The Straits Times reported.
The 45-year-old faced charges for engaging in unlicensed remittance activities as a self-employed foreigner without a valid work pass. He also allegedly conspired with a company director to abet a false work pass declaration. An arrest warrant has been issued for a 33-year-old accomplice who failed to appear in court.
A joint statement from the police and Ministry of Manpower detailed a raid in Little India, resulting in the seizure of SGD 314,000 in cash and evidence of remittance transactions. Court proceedings will continue in May.
(With inputs from agencies.)
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