Company director misappropriated over $1.1m from investors

  • 📰 thenewpaper
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

A company director was sentenced to six years’ jail on Monday for misappropriating more than $1.1 million of his...

According to court documents, Goh’s father, Goh Toh Heng, 79, who had represented himself as a director of an Indonesia-incorporated company called PT Abby Resources Minerals, is linked to the case.Between December 2014 and July 2016, PT Abby offered investment schemes marketed by Prosperity Ventures to investors in Singapore.

The investment agreements assured investors of a guaranteed return of the principal sum at the end of the investment periods. Among other things, the agreement falsely represented that PT Abby owned two Indonesian plantations, and that it was the sole owner of the teak trees.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 7. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Shopee's parent company, Sea, expanding investments in Malaysia, creating 2,000 jobsSingapore-based Sea will also open a cloud computing project in the Johor town of Kulai. Malaysia government need to create 100,000 jobs.
Источник: ChannelNewsAsia - 🏆 6. / 66 Прочитайте больше »

$11.8m in cold, hard cash: Chinese company gives employees hefty bonuses using 'mountain of money'We've heard of companies rewarding employees with massive bonuses, but giving out the money in cold, hard cash? In China, employees recently took turns to go on stage and collect their year-end bonus from a two-metre-tall 'mountain' containing 61 million yuan (S$11.8 million) worth of banknotes. This was the scene of a viral video posted on Jan 17, which has...
Источник: asiaonecom - 🏆 10. / 59 Прочитайте больше »

Who is India's Adani and why is his company tanking?MUMBAI: The business empire of Gautam Adani has shed tens of billions of dollars in value on the back of a report alleging accounting fraud that the Indian tycoon's firm has strenuously rejected. Who is Gautam Adani? Adani, 60, is a publicity-shy school dropout of humble origins wh
Источник: ChannelNewsAsia - 🏆 6. / 66 Прочитайте больше »