A 73-year-old woman was arrested on Nov 24 after staff at a New Bridge Road gold dealer reported her suspicious behaviour. Police said she is believed to have acted as a mule in at least three cases linked to a syndicate posing as Monetary Authority of Singapore officials.
Malaysian Woman Arrested
Officers seized $200 in cash and about $200,000 in gold bars from her. Preliminary findings indicate she collected valuables from victims who were misled into believing their bank accounts were tied to money-laundering probes. The items were then passed to unknown associates. Investigations are ongoing, and victims only realised the scam when refunds never arrived.
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