S'pore man admits receiving money from scam that tricked companies via spoofed e-mails

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SINGAPORE - Though he had no experience or qualifications to conduct property investments or management, a Singaporean man claimed that his company had received money for a multimillion-dollar propert

y investment.

Jamail - a director and shareholder of Singapore-registered companies Jars Technology and Jars Investments and Holdings - was previously investigated in 2015 by the Commercial Affairs Department for money laundering over money received from a person named"John Mark", DPP Lee said, according to court documents.

Jamail had consented to receive the money despite knowing that John Mark was also involved in these transactions, and withdrew sums of money from the account from June 1 to 17, 2016. On May 26, 2017, the deputy manager of Bank Mandiri's Singapore branch lodged a police report that it had approved those transfers after receiving spoofed e-mails from Nama Holdings' parent company, Madhucon Granites.He provided the CAD with forged documents to justify the transfers but could not give details of the investment, DPP Lee told the court.

 

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