
Police said the 48 men and 14 women arrested are aged between 17 and 75 years old.
The 55-hour operation started on Wednesday, when simultaneous raids were conducted at Queenstown, Woodlands, Sembawang, Yishun, Ang Mo Kio, Serangoon, Hougang, Sengkang, Geylang and Bedok.
At least 45 of the suspects are believed to be either debtors or guarantors.
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