The two companies handled scam proceeds from eight victims in the United States.
New: You can now listen to articles.SINGAPORE: A chartered accountant and his friend failed to supervise the companies they helped to incorporate in Singapore, with two firms receiving more than US$1 million in scam proceeds.
In 2017, Ishan found out that Kandhiban was unemployed and offered him a job for a monthly salary of S$500. Around June 2019, Ishan was contacted by Rahul, an Indian national who wanted to incorporate a company in Singapore and required a local nominee director. Sometime before November 2019, Ishan was introduced to Wadhawan Suchit, another Indian national who wanted to incorporate a company in Singapore.
Both Ishan and Kandhiban were represented by lawyers Jasjeet Singh and S S Dhillon, who differentiated their clients' cases from others where accused persons were"randomly picked" to be directors.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exiled Chinese businessman stole US$1 billion to fund luxury lifestyle, prosecutor saysNEW YORK — Exiled Chinese businessman Miles Guo scammed his followers out of more than US$1 billion (S$1.35 billion) after Chinese authorities seized his property, a federal prosecutor said on May 24 as Guo's fraud trial began in New York.
Read more »
Rapper Sean Kingston and his mother allegedly stole more than US$1 million through fraudThe pair are accused of stealing money, jewellery, a luxury Cadillac car and furniture.
Read more »
Napkin used by Barcelona to sign Messi sold for nearly US$1 millionNEW YORK: The napkin on which Barcelona promised to sign Lionel Messi when he was a 13-year-old has been sold for 762,400 pounds US (US$969,000) the auction house Bonhams said on Friday (May 17). The nap
Read more »
Rapper Sean Kingston booked into Florida jail, where he and his mother are charged with US$1 million in fraudJail records show 34-year-old Kingston was booked into the Broward County jail on Sunday (Jun 2).
Read more »
Airline passengers, revenues globally to hit records in 2024: IataAirlines are projected to fly nearly 5 billion passengers in 2024, as revenues soar close to US$1 trillion.
Read more »
Vietnam forfeits billions of dollars in foreign aid amid anti-graft freeze, document saysHANOI — Vietnam forfeited at least US$2.5 billion (S$3.36 billion) in foreign aid over the last three years and may lose another US$1 billion because of administrative paralysis, the United Nations, the World Bank and Western donors told the government in a letter seen by Reuters.
Read more »