51-year-old part-time polytechnic lecturer cum leader of an illegal money lending syndicate covers his face as he and his 41-year-old accomplice are led away in a police vehicle. -- ST PHOTO: KEVIN LIM
A PART-TIME polytechnic lecturer said to be a syndicate leader was charged with 28 more counts of helping to carry on an unlicensed moneylending business.
Lee Kim Hock, 51, charged a week ago, allegedly conspired with Ku Teck Eng and two others to commit the offences between last September and August this year.
Ku, 41, who was also charged last week, was accused of 24 more charges on Friday..
It is alleged that illegal loans totalling $28,200 were made out to 16 debtors in various parts of Singapore in Lee's 29 charges.
Bail of $50,000 each was offered to Lee and Ku.
Lee's case will be mentioned on Oct 8 while Ku's has been fixed for a pre-trial conference on Oct 28.
If convicted, they face a fine of between $30,000 and $300,000 and a jail term of up to four years on each charge.
