Ng Kwong Seng returned to Singapore and was arrested at Changi Airport in November 2023.
SINGAPORE - A Singaporean man who was a member of a transnational unlicensed moneylending syndicate was sentenced to four years and three months’ jail on June 21.
Ng, who was based in China, was involved with the syndicate for 13 years and had issued loans with interest rates of 20 per cent. Ng accepted the offer and began working for the unlicensed moneylending syndicate, in which someone named Ah Ren was the financier.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Man admits to being part of illegal moneylending syndicate, earning $500k in profitNg Kwong Seng will be sentenced on June 21.
Read more »
Tan Tock Seng Hospital welcomes new CEO Tang Kong ChoongNew CEO outlines strategic healthcare improvements and innovation at TTSH. Tan Tock Seng Hospital (TTSH) has welcomed its new Chief Executive Officer, Tang Kong Choong, who has succeeded Eugene Fidelis Soh. With the hospital celebrating its 180th anniversary, Tang is poised to implement a transformative agenda under the hospital’s 2030 strategy.
Read more »
Hiap Seng Industries posts $20.1m net profit for FY24pstrongRevenue for the period was also 34.1% higher year-on-year./strong/p pHiap Seng Industries reported earnings of $20.1m for the fiscal year ending 31 March, a reversal from the $2.56m loss recorded in the previous year./p pThe company also report a revenue growth of 34.1% to $24.9m for the same period.
Read more »
Ang Mo Kio coffee shop fire: Stallholders bemoan losses, owner estimates it at $500kAn early morning blaze, which broke out at a coffee shop in Ang Mo Kio on Tuesday (June 11), has ravaged about 10 stalls and the hawkers are worried about the huge sums of losses they may face. The Singapore Civil Defence Force (SCDF) were alerted to the fire at GHK 407 Food House at Block 407 Ang Mo Kio...
Read more »
Singapore stocks rose on Wednesday—STI up by 0.6%Hiap Seng was the most actively traded stock by volume, with about 6 million shares exchanged
Read more »
Taxi ends up on bonnet of car after multi-vehicle collision on PIE; 3 taken to hospitalThe three taken to Tan Tock Seng Hospital included the taxi driver and his passenger.
Read more »