Singapore Cracks Down on Illegal Money Transfers: Indian National Charged

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.