Three company directors charged with conspiring to cheat IBM Capital of S$160,500

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THREE directors of different companies have been charged in court with conspiring to cheat financial leasing firm IBM Capital Singapore of S$160,500. Read more at The Business Times.

Following IBM Capital's payment, Tang purportedly falsified a tax invoice in WCT Holdings' letterhead to state that Skylight had purchased certain equipment from the company. This was to enable the legitimate transfer of funds Skylight received from IBM Capital to WCT Holdings, allegedly committed on Chua's instructions communicated to Tang, via Lim.

For the abovementioned offences the trio each faces one charge for the offence of cheating and dishonesty, as well as numerous charges for falsification and abetment. Tang additionally faces various corruption charges in unrelated incidents which took place over 2016 and 2017, when he paid two individuals gratification sums of S$250 and S$1,000 for the award of contracts from companies that the individuals worked in at the time, to WCT Systems.

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