Singapore - Frauds, Scams, Insider's Trading etc.

Singapore - Frauds, Scams, Insider's Trading etc.

Postby LenaHuat » Tue Sep 28, 2010 8:59 pm

I want to track the cases of fraud uncovered here. I have a hunch that we are going to see more cases.
I also look forward to discovering the motives for these perpetrators.

A SENIOR executive with Singapore Press Holdings (SPH) has been sacked after admitting that he received illegal payments and misappropriated shopping vouchers.

Mr Peter Khoo Chong Meng, 47, who spent 22 years at The Straits Times, first as a sports journalist and then as its chief of branding and promotions, was a senior vice-president in the English and Malay Newspapers Division (EMND).

He came forward early this week and told his editors what he had done. He has also repaid $196,500.
A police report has been made and investigations are ongoing, the company said last night.


SINGAPORE: Another man has been named in the $12 million cheating case at the Singapore Land Authority (SLA).

The Department's Manager of Technology and Infrastructure Department Lim Chai Meng is suspected to have conspired with SLA's Deputy Director of Technology and Infrastructure Department Koh Seah Wee to cheat the Authority.

The pair allegedly rendered false invoices for fictitious maintenance contracts in transactions between January 2008 and March 2010, worth $11.8 million.

A joint statement from the SLA and the Law Ministry said that cash and assets worth about $10 million have been located and secured so far.
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Re: Singapore - Frauds

Postby iam802 » Tue Sep 28, 2010 9:17 pm

Name List :

1. Senior Executive (SVP) with SPH
- Peter Khoo Chong Meng

2. Deputy Director with SLA, $12M

3. Department Manager with SLA, $12M


As the case study increases, we can just add on to the list. Making it easy to track, trace or TCSS.
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

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Re: Singapore - Frauds

Postby kennynah » Tue Sep 28, 2010 11:05 pm

my suspicion is that this recent spate of fraud discoveries, is meant to tell some "untouchables" to be careful...

but sadly there will be always be that few who are truly untouchable....
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Re: Singapore - Frauds

Postby tonylim » Wed Sep 29, 2010 9:17 am

High salary=Frauds free :lol: :lol: :lol:
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Re: Singapore - Frauds

Postby kennynah » Wed Sep 29, 2010 9:22 am

:lol: :lol: :lol:

good one tonylim 8-) i thought i'd see this at the "laughter" thread...
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Re: Singapore - Frauds

Postby tonylim » Wed Sep 29, 2010 9:41 am

Hi Kenny,

I think no fault of his because he was under paid.
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Re: Singapore - Frauds

Postby kennynah » Wed Sep 29, 2010 9:43 am

double :lol: :lol: :lol: another winner :mrgreen:
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Re: Singapore - Frauds

Postby Poles » Wed Sep 29, 2010 2:30 pm

Image
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Re: Singapore - Frauds

Postby millionairemind » Wed Sep 29, 2010 2:39 pm

Poles wrote:Image


Doesn't take a rocket scientist to figure out when demand outstrips supply, we have a problem of rapidly escalating prices starting in 2006/2007

Image
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Re: Singapore - Frauds

Postby kennynah » Wed Sep 29, 2010 3:36 pm

a ministar not doing his job is tantamount to a fraudulent act too..... :!: :!:
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