Jail for 25-year-old who gave in to loan shark's threats by handing over banking details for use in scams

📆 6/6/2023 10:51 AM
📰 TODAYonline

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SINGAPORE — In debt from his gambling, Alvin Phua Khian Tat accepted fast loans from an unlicensed moneylender but couldn't keep up with the repayments. Facing threats from the loan shark, he agreed to provide access to his bank accounts in return for a reduction in interest.

On Tuesday , the 25-year-old, who was a food delivery rider at the time, pleaded guilty to one charge of cheating and another charge breaching the Computer Misuse Act by providing access to his personal bank account.Phua was sentenced to three months' jail.Deputy Public Prosecutor Joseph Gwee told the court that sometime in early 2022, Phua was in debt and had responded to random messages from an unknown unlicensed moneylender who called himself Darren who was offering fast loans.

In addition to the OCBC bank account, Phua also gave Darren access to his personal Standard Chartered account. After providing the details of the two accounts, Phua stopped receiving threats from Darren in relation to his loans.

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Man gave control of his bank accounts to loan shark to offset loanA food delivery rider with a gambling habit who borrowed $3,000 from a loan shark relinquished control of three of his bank accounts to the latter in exchange for a loan offset of $500 per account. Among his offences, Alvin Phua Khian Tat applied for an OCBC bank account,...
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