Director of 186 firms fined after one company was used to launder US$2.36 million in scam proceeds

SINGAPORE: A jobless man who was unable to find employment during the COVID-19 pandemic agreed to act as the director for 186 companies in exchange for payment.

He suggested an arrangement for Er to act as a local director for companies incorporated by Atoms Global for Zheng's clients. In exchange, he would receive S$50 per year for each company that he stood as nominee director for. He would also be paid S$50 if he needed to open a bank account for the company or make any trip to sign documents.Under this agreement, Er was registered as local director and secretary of a Singapore company called Rui Qi Trading, incorporated in August 2020.

Another scam victim was German company Gasfin Development Gmbh, which received purported emails from its supplier requesting payments. The company was deceived into transferring nearly US$980,000 to Rui Qi's account. The money was further transferred to bank accounts in Hong Kong.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Jobless S’porean named as director of 186 companies; scammers used one firm to launder $3.2mEr Beng Hwa was fined $4,000 for failing to exercise reasonable diligence in his duty as a company director. Read more at straitstimes.com.
Fonte: straits_times - 🏆 5. / 69 Consulte Mais informação »

Jail for company director who gave over $24k in bribes to ex-SMRT employeeYong Ming Jun bribed the employee over a period of five years. Read more at straitstimes.com.
Fonte: STForeignDesk - 🏆 4. / 71 Consulte Mais informação »

HDB senior estate manager and construction company director charged with corruptionTan Siam Chua, 60, was a senior estate manager with HDB at the time of the alleged offences. Read more at straitstimes.com.
Fonte: STForeignDesk - 🏆 4. / 71 Consulte Mais informação »