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8 people arrested after more than S$60,000 lost in DBS SMS phishing scams

8 people arrested after more than S$60,000 lost in DBS SMS phishing scams

SINGAPORE — Eight people have been arrested for their suspected involvement in DBS phishing scams that saw more than 60 people lose a total of about S$60,000, the police said on Thursday (June 9).

The eight people, aged between 17 and 33, were arrested after an islandwide operation on Wednesday.

Between June 5 and 8, the police received reports of the scams. The victims received unsolicited SMSes with tags like “SG-DBS” or “DBS-Notice”, which stated that their cards had been blocked due to unusual activities or that their bank accounts had been frozen due to suspicious activities.

Through follow-up investigations and collaboration with DBS Bank, officers from the Commercial Affairs Department established the "beneficiaries of the siphoned-off funds" and arrested them on Wednesday.

The eight suspects are being investigated for cheating or money laundering offences, said the police.
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