SINGAPORE: The police have observed a new variant of loan scams that involved fake letters or emails from banks or government agencies, requiring that victims pay an administrative fee before receiving their loan. 

At least 20 reports were received between January and April this year, with losses amounting to more than S$200,000, the authorities said in a news release on Wednesday (May 26).

In these cases, victims would receive unsolicited text messages or come across websites or advertisements offering loans.

READ: Police warn of new scam advertising fake jobs for e-commerce…

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