A 45-year-old man, who is a former Director of a Marine Engineering company will be charged in court on 11 June 2020 for cheating a bank, by submitting invoices with inflated values on 23 occasions to obtain significantly higher advance payments totalling more than S$254,000 between September 2017 and February 2018.
Investigations revealed that the man had used the PDF editor software to edit invoices to inflated values, thereby dishonestly inducing the bank into delivering higher payment to the company.
The man will be charged with 21 counts of cheating under Section 420 of the Penal Code and two counts of attempted cheating under Section 420, read with Section 511 of the Penal Code.
The offence of cheating carries an imprisonment term of up to 10 years and a fine.
SINGAPORE POLICE FORCE
10 June 2020 @ 11:08 PM