SINGAPORE: Three men have been arrested for their suspected involvement in a case of abetment by conspiracy to cheat a payment processing company of more than S$653,000, the Singapore Police Force said on Saturday .
Preliminary investigations revealed that two of the men purportedly handed over their personal and company bank accounts to the third man, a 29-year-old, who then allegedly used two accounts to conduct more than 10 online transactions via the payment processing company between June and July this year, police said.
On Aug 12, the 29-year-old man allegedly filed disputes on the online transactions to seek refunds amounting to more than S$653,000 from the payment processing company.The offence of abetment with conspiracy to cheat carries a jail term of up to 10 years and a fine.