Man fined S$5,000 for setting up shell company that was used to launder criminal proceeds through Singapore | Malay Mail

Beh Chuen Leng served as the resident director of a company in Singapore that he had incorporated on behalf of a foreigner, but failed to exercise any supervision over the company’s affairs. ― TODAY file pic

For failing to exercise reasonable diligence in the discharge of his duties as a director of a company, Beh Chuen Leng was yesterday fined the maximum amount of S$5,000 under Section 157 of the Companies Act and disqualified from being a director for one year. Beh served as the resident director of a company in Singapore that he had incorporated on behalf of a foreigner.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين