Choy Weng Keen Adrian, Foong Chong Hung and Woo Wai Hoong Samuel, aged between 44 and 48, were charged in court today for conspiring to make 18 allegedly fraudulent applications to six financial institutions. The fraudulent applications related to credit facilities or loans involved a sum of around $16 million.
Between March and August 2018, the trio had allegedly conspired to cheat the financial institutions into opening credit facilities or providing loan disbursements for eight persons, by submitting Notices of Assessment that contained inflated annual incomes for these persons. Those convicted face imprisonment for a term which may extend to 10 years and a fine.
The trio also allegedly conspired to submit a total of 27 false statutory declarations made by 14 persons to the Inland Revenue Authority of Singapore (IRAS), including those for the eight persons mentioned in paragraph 2. For such acts, they have been charged with offences under Section 14(1)(b) punishable under Section 14(1)(d) of the Oaths and Declarations Act and/or Section 182 of the Penal Code.
For making false statutory declarations, an offender faces imprisonment which may extend to three years and a fine.
For giving false information to a public servant with intent to use his lawful power to the injury of another person, an offender faces imprisonment which may extend to a year, a fine which may extend to $5,000, or both.
SINGAPORE POLICE FORCE
21 February 2023 @ 11:10 AM