S’pore company, director allegedly involved in possessing over $2.2m in criminal proceeds

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The firm allegedly failed to account satisfactorily for how it came by the sum of money. Read more at straitstimes.com.

SINGAPORE – A Singapore company engaged in multiple different activities and its director are accused of being involved in the possession of more than $2.2 million in alleged criminal proceeds just five months after its incorporation.

The company, which a search of the Accounting and Corporate Regulatory Authority’s records showed is involved in project management and the wholesale trade of a variety of goods, also allegedly failed to account satisfactorily for how it came by the sum of money. Some time between Aug 18 and Aug 24, 2021, he was also alleged to have intentionally obstructed the course of justice by deleting the messages in a WhatsApp chat between him and a Kuznetsov Pavel, pertaining to his decision to keep the company’s bank account open.

He also faces two charges of voluntarily causing hurt, having on June 22, 2022, allegedly choked a man outside a club at level six of Parklane Shopping Centre and punching another man multiple times in his face in a toilet on the same floor.If convicted of the charge under the Corruption, Drug Trafficking and Other Serious Crimes Act, Ambite can be fined up to $300,000.

 

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