Overview
- Singapore charged Indian national Raju Krishnamoorthi with four counts tied to an unlicensed cross-border remittance business, with his case due back in court in May.
- A 33-year-old alleged accomplice failed to appear in court, prompting a warrant of arrest and a review set for June.
- Prosecutors cite transfers topping $38.6 million, including more than $10 million in one operation and more than $28 million in a later linked scheme.
- Police say the network used personal bank accounts, couriers, and 30 ATM cards to move money, with a Norris Road raid yielding $314,000 in cash and detailed remittance records.
- Investigators allege Raju lacked a valid work pass and secured one through a false declaration naming Sky-V Engineering & Construction director Manickam Suresh Kumar.