SINGAPORE – A 45-year-old Singaporean was sentenced to 24 months’ jail on Thursday after he was found guilty of delivering duty-unpaid cigarettes and helping to deposit money believed to be from the sale of the contraband goods.
During the operation, officers saw Lo sitting in a van which was found to contain 1,329 cartons of duty-unpaid cigarettes along with $42,660 in cash, believed to be earnings from the sale of the contraband cigarettes.The total duty and Goods and Services Tax evaded amounted to about $116,050 and $9,200, respectively.
The Singapore Customs statement said: “Lo was aware that these funds, which he had assisted to deposit into the six bank accounts, were criminal proceeds derived from the sale of duty-unpaid cigarettes.”
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