SINGAPORE — The final member of a criminal syndicate involved in a S$40 million fraud on SkillsFuture Singapore has been sentenced to more than 13 years' jail for cheating, forgery and money laundering offences, said the police and SkillsFuture Singapore in a joint statement on Wednesday (May 31).
Lim Wee Hong David was sentenced to a jail term of 165 months on Wednesday. He was convicted of the offences on March 17, said the agencies.
Sometime in late April 2017, Ng, Lee, Sim, Lim and other syndicate operatives decided to perpetrate the scheme on a larger scale. These submissions involved 25,141 employees purportedly working for the six applicant entities, who had purportedly attended training courses conducted by the three training providers.
They accompanied the nominee directors to withdraw the criminal proceeds by encashing cheques issued from the corporate bank accounts of the entities or other bank accounts controlled by members of the syndicate.Lim’s money-laundering offences went beyond the encashing of cheques. Following the conclusion of Lim’s proceedings, all members of the criminal syndicate have now been convicted for their involvement in the fraud.
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