SINGAPORE - A jobless Singaporean who became nominee director of 186 companies here was on Wednesday (Sept 27) fined for failing to exercise reasonable diligence in his duty as director, the second person in three days to be taken to task for the offence. Singaporean Er Beng Hwa got to know a Chinese national in 2020 during the Covid-19 pandemic,...
SINGAPORE - A jobless Singaporean who became nominee director of 186 companies here was on Wednesday fined for failing to exercise reasonable diligence in his duty as director, the second person in three days to be taken to task for the offence.
Er, also known as Adrian, was fined $4,000 after he pleaded guilty to one charge of failing to exercise reasonable diligence in his duty as a director. He was also disqualified from being a company director for three years.On Monday, Chinese national and permanent resident Liang Jiansen was fined $9,000 under the same Companies Act and disqualified from being a company director for four years.
Zheng, a chartered accountant, owned several corporate secretarial companies including Atoms Global, a firm in Singapore that helps clients incorporate companies here. He was then registered as local director and secretary of Singapore company Rui Qi Trading, which was incorporated on Aug 3, 2020. DPP Ong said large sums of money were transferred to the two bank accounts, and transferred out shortly after.
The other victims were Texas Capital Bank, which transferred US$1.2 million, and Abu Dhabi Ports, which transferred US$979,086.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Director of 186 firms fined after one company was used to launder US$2.36 million in scam proceedsThe jobless man agreed to be the director in name for dozens of companies in exchange for a fee.
Read more »
Jobless S’porean named as director of 186 companies; scammers used one firm to launder $3.2mEr Beng Hwa was fined $4,000 for failing to exercise reasonable diligence in his duty as a company director. Read more at straitstimes.com.
Read more »
‘It veered off 90 degrees into the ravine’: Singaporean Penang van crash survivor recounts experienceAs of Tuesday (Sep 26), two Singaporeans were still warded in hospital with broken bones.
Read more »
Single mum and Singaporean friend plead guilty to abusing, neglecting boy in MalaysiaOne of the accused, Chua, is reportedly working in Singapore, but residing in Pasir Gudang, Johor. Read more at straitstimes.com.
Read more »
Single mum and Singaporean friend plead guilty to abusing, neglecting boy in MalaysiaJOHOR BAHRU - The Sessions Court in Johor Bahru has set Oct 10 for the sentencing of a single mother and her housemate after both accused changed their plea for abusing and neglecting a seven-year-old boy. The accused, Nurul Asyiqin Mohamad Zahir, 27, who is the boy’s...
Read more »