A 43-year-old male Singaporean managing director and a 38-year-old female Malaysian shipping manager from commodity trading company, Wee Tiong (S) Pte Ltd, were charged in court on 19 June 2020.
The managing director was charged with falsification of papers with intent to defraud under Section 477A of the Penal Code. The shipping manager was charged with abetting those offences by intentionally aiding the managing director, under Section 477A read with Section 109 of the Penal Code.
Wee Tiong (S) Pte Ltd is alleged to have sold sugar to customers from the Democratic People’s Republic of Korea (DPRK) between 2014 and 2016, with payments for those sales made to Wee Tiong (S) Pte Ltd and its related company, Morgan Marcos Pte Ltd. The two persons are accused of falsifying invoices of both companies between November 2016 and October 2017, in order to conceal the companies’ transactions with DPRK-linked entities from two banks.
The offence of falsification of papers with intent to defraud carries an imprisonment term of up to 10 years, or a fine, or both.
The Police take a serious view of persons who abuse Singapore’s financial system and will not hesitate to take swift action against the individuals or parties involved.
SINGAPORE POLICE FORCE
19 June 2020 @ 11:35 AM