Wong Meng Fai, 44, was paid between $30,000 and $46,000 for his role in the scheme. Read more at straitstimes.com.
SINGAPORE - Based on the instructions from a director of a company, one of its employees was involved inthat falsely stated that the company had made at least $25 million in sales.
He pleaded guilty to being involved in carrying on the firm’s business for a fraudulent purpose – an offence under the Companies Act. The masterminds of the scheme would then approach exporters to send the purported goods to purported buyers. The payment from these “buyers” was actually arranged for by the masterminds.
Wong ran the operations of Nagore alone from June 3, 2015, to Aug 31, 2015, and with Kingsley Lee Chong Hoong, whom he earlier recruited as a nominee director, from Sept 1, 2015, to Jan 28, 2016.
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