Tag: fraud

Malaysia targets hidden properties worth $4.3b siphoned through 1MDB

Anti-graft buster chief Latheefa Koya told reporters Malaysia is working to locate assets worth $4.3 billion which are yet to be accounted for and acquired with stolen money from the sovereign fund 1MDB. The global money-laundering probe extends to at least six countries and Malaysia is working with these countries in an attempt to locate these properties. This...

1MDB board unaware US$1b split payment meant for JV company

Former 1MDB CEO Shahrol Azral Ibrahim Halmis conceded during cross-examination the 1MDB board was not informed about a decision to split a US$1 billion by 1MDB meant for the 1MDB-Petrosaudi joint-venture company (JVC) into US$300 million and US$700 million. The board had authorised one lump sum to be paid only to the JV company...

Malaysia-born woman went on 15-year US crime spree, claimed  she was LKY’s granddaughter

In the United States, Siew Im Cheah, who was born in Malaysia, has been called “a one-woman crime spree” by a federal prosecutor, according to a report in the Washington Post (WP) on Friday, October 25. Another federal prosecutor said Ms Cheah “has perfected the art...

Jail sentences for mother &son who falsified her death, claimed millions from CPF, insurance payouts

Singapore—Abraham Rock and his mother, Talat Farman, have been found guilty for faking Mrs Farman’s death and subsequently collecting money from her CPF account and falsified insurance claims. Thirty-six-year-old Mr Rock did this ostensibly to solve his money problems. On September 26, Thursday, Mr Rock...

“Follower fraud” widespread among Singapore’s influencers

Singapore — One should think twice about buying into influencers with thousands of followers since almost half of Singapore's influencers use unsavoury methods to boost their follower and engagement numbers. According to a recent study by social media analytics tool HypeAuditor, 47 percent of Singapore...

Woman uses stolen credit card to buy Rolex watches, pay massive debts

Singapore — A woman used a stolen credit card to buy Rolex watches and pay for her own massive debts. Last year, Alina Shu Lin (37) was tasked by a man, unidentified by court documents, to use his MasterCard Premier credit card to buy his...

Woman goes on shopping spree using man’s stolen credit card

Singapore — A man filed a police report after seeing that his stolen credit was stolen on March 1. The Commercial Affairs Department then sent out officers on a follow up investigation of the report. On Thursday (Aug 29), police arrested a 54-year-old woman at Toa...

Reckless driver fakes identity, tricks companies into hiring him

Singapore—A man has pleaded guilty to multiple charges of cheating for faking his identity in order to get a job as a driver. What's worse is that the man committed the crimes while he was banned from driving for four years. According to an initial...

13 more charges filed against lawyer connected to missing S$33 million who escaped to Malaysia

Lawyer Jeffrey Ong Su Aun is facing an additional thirteen charges in the case of  S$33 million which had gone missing from an escrow account managed by law firm JLC Advisors. The lawyer went missing after one of his company’s clients, Allied Technologies (AT), complained missing...

Ex-DBS manager who cheated elderly customers of S$200,000 gets close to 4-year jail sentence

Singapore — Liaw Tick Kwan, a former relationship manager at DBS Bank, was sentenced to three years and 10 months in jail on June 6, Thursday for pocketing S$200,000 from two older customers. Mr Liaw had handled the investments of the two retirees during the...