Preliminary investigations showed that nine suspects conducted harassment at debtors' residences, 43 assisted unlicensed moneylenders by carrying out ATM transfers, and the remaining 46 helped illegal moneylenders to open bank accounts.
Investigations against the suspects, aged from 13 to 76, are ongoing.
According to Singapore's legal regulations, those found guilty of committing debt collection harassment can be fined up to SGD$40,000 (US$30,750) or failed for up to three years, or both.