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FORMER CFO HANDED MORE CHARGES FOR CHEATING OVER US$245.5 MILLION

A former chief financial officer faced a total of 32 charges back in March for allegedly cheating over US$245.5 million.

Lim Beng Kim, Lulu (“Lulu Lim”) was charged in court with an additional count of cheating under Section 420 of the Penal Code, Chapter 224.The charge relates to Lulu Lim allegedly deceiving a financial institution into believing that the consolidated financial statements for Agritrade International and its subsidiary companies for the year 2016 were audited, a fact which she knew to be false. By such manner of deception, Lulu Lim is believed to have dishonestly induced the financial institution to deliver money through a credit facility to Agritrade International.

The sum involved in the charge is up to US$21.5 million in drawdowns from the credit facility. said the Singapore Police Force in a media release on April 8

33 Charges

With the latest charge, Lulu Lim now faces a total of 33 charges – one count of cheating punishable under Section 417 of the Penal Code, one count of attempting to cheat punishable under Section 417 read with Section 511 of the Penal Code, 30 counts of cheating under Section 420 of the Penal Code and one count of abetting the falsification of accounts under Section 477A read with Section 109 of the Penal Code.

Investigations are ongoing.

Penalties

The offences of cheating punishable under Section 417 of the Penal Code carries an imprisonment term of up to three years and a fine.

The offences of cheating and dishonestly inducing a delivery of property, punishable under Section 420 of the Penal Code, carries an imprisonment term of up to 10 years and a fine. The offence of falsification of accounts, punishable under Section 477A read with Section 109 of the Penal Code, carries an imprisonment term of up to 10 years, a fine, or both.

SPORE ABSTAINED FROM VOTING FOR RUSSIA’S SUSPENSION FROM UN HUMAN RIGHTS COUNCIL

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A vote for a resolution to suspend Russia from the United Nations (UN) Human Rights Council was held on Thursday (7 Apr) at the UN General Assembly.

The vote saw 93 member countries voting in favour, 24 member countries against while 58 abstained from voting.

Singapore abstained from voting

Singapore was one of the 58 countries who abstained from voting, along with neighbouring Southeast Asian countries such as Malaysia, Thailand, Indonesia and Cambodia.

Myanmar and Philippines however, voted in favour for the resolution.

Member countries in who voted against the resolution were China, North Korea, Vietnam, Russia, Iran and Syria

In the end as majority of member countries (almost 2/3) voted in favour for the resolution, the resolution passed.

Ukraine: You do not submit your resignation after you are fired

Following the resolution, Russia announced that they are quitting the 47 member body to which Ukraine’s Ambassador replied “You do not submit your resignation after you are fired”.

The last time such a resolution was conducted was in 2011 when Libya was suspended due to its government using violence to repress a popular protest movement.

Image source: Unsplash.com

SECOND BOOSTER DOSE NOW AVAILABLE FOR SOME GROUPS

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The Ministry of Health (MOH) has posted on their Facebook page announcing that from today (8 Apr) onwards, some groups of people will be eligible to take their second booster dose.

This comes about five months after they have received their first booster shot.

Here is what was posted by MOH

“From today (8 April), the following groups can receive their second booster dose about 5 months after their first booster dose:

✔️ All persons aged 80 years and above
✔️ Persons living in aged care facilities
✔️ Medically vulnerable persons

Their vaccination status for Vaccination-Differentiated Safe Management Measures (VDS) will not be affected if they choose not to take the second booster dose.

However, we strongly encourage these individuals to receive the second booster to protect themselves.

For more information on where to take the second booster dose, visit: go.gov.sg/vaccine-locations

No change in vaccination status

MOH also mentioned that for those that are eligible for the second booster but choose not to take it will not get their vaccination statuses affected.

They are however strongly encouraged to take up the jab for more protection towards the virus.

Here are the infographics provided by MOH with regards to the second booster

Image source: Ministry of Health, Singapore/Facebook

GREEDY FATHER KEEPS GETTING SCAMMED INTO TRADING STOCKS, LOST ALL HIS MONEY

My dad has invested a lump sum in a trading platform that claims that they will help manage his portfolio by helping him trade stocks with his money. However, It has been losing money and non of the trading works, and he cannot take out the money because it requires him to put in another lump sum before he can take out (which is probably a scam).

Hence, he looked for a hacker online who can help him hack the trading software and take out his money, but he has a pay a fee first via crypto. But after paying the hacker several times due to excuses like “network issues”, he never receive any money (scammed again). So he went from getting scammed on a trading platform to a hacker.

And again, he made friends with “a victim” on telegram which the hacker has helped her before to retrieve her money via the same trading platform. “The victim” has then introduced my dad to an investment plan in which one can earn $5k within 5 days by paying only $2k. My dad believed, and transfer $2k, only to know that he has to pay another $2k to take out the money.

But he has paid almost a total of $10k of so-called “trading” and did not even receive any money (scammed the 3rd time) Can anyone advise what we can do as a family member? We have spoken out to him 2 times on this (we found out the whole incident secretly because he was acting suspiciously) and he just flared at us. Our r/s has already been bad, but it is worst now.

We tried warning him but he doesn’t listen?? And keep getting scammed.

MAN SPENDS ALL HIS MONEY HANG FLOWER FOR SIAMBU, 1 MONTH NO MONEY EAT

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A man shared a story about how he spent all his money at siam diu in one night, and ended up being broke and barely being able to afford food for a whole month, until his next paycheck.

Here is his story

“Hi all, like many men in Singapore, I really like the exotic looks of Siam Bu and really wish I had a Thai girlfriend or wife, because they are some of the most beautiful women I’ve seen.

But I’m generally unsuccessful with girls and the only time these Siam Bu, or even women in general, show me any hint of affection is inside siam dius when I hang flower for them.

I have to admit, whenever i hang flower for them, seeing their eyes light up with happiness, fills me up with happiness as well; I don’t know, could it be love? It cannot be right?

So there’s this Siam Bu I met at this Siam Diu, she told me her name is Ploy, and I would visit her to support her over the last few months.

During our first meeting, I hung $100 flowers for her and she came to my table to drink with me. I was alone at the time and drinking with her made me feel not so alone. So I drank and drank to build up courage to ask her for her contact details and finally I got high enough and leaned over to her ear and said “kor Line noi?”

She laughed and then added me on Line, and we started texting everyday after that. She would always tell me that she misses me and asked me to go down and drink with her, and to be honest I missed her as well whenever I’m at work or at home and not with her.

So i decided to go all out and surprise her by showing up unannounced at the siam diu where she worked, and there she was. I ordered about 4 beer towers for us, I was sitting at the table drinking myself while she was drinking at another table with other patrons.

The mummy then came over and asked me if I wanted to hang flower for her, and I said of course, so I balled out and hung $2,000 for her, and Ploy was so happy that she couldn’t stop hugging me and kissing my face.

Everyone was looking at me like I was MrBeast or something but I only earn about $2.5k per month, and after hanging $2k on her, and minusing my bills, I was left with exactly $106.50 for the month. But whatever, I just want to make Ploy happy.

So we drank and drank and I could feel that I was getting wasted at this point, and my inhibitions were pretty much gone, so I asked her if she wanted to go to a hotel with me and spend the night together.

She rejected me, saying that she needs to go temple to pray in the morning with her friends. So I said okay, and not wanting to spoil the mood, we continued drinking until it was time to go.

I then took a taxi home and was now left with less than $70 for the rest of the month, and I am heartbroken because I have no more money to hang flower, and I can’t imagine spending a whole month without Ploy hugging me.

I guess I just have to wait for payday to surprise her again.”

Editor’s note: You. Need. So. Much. Help...

GIRL SAY DON’T WANT WEDDING RING, WANT CASH DEPOSIT INCASE MARRIAGE FAILS

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A girl shared her story online and insist to have cash instead of a wedding ring as she felt that a ring is not worth much but cash is better.

Just like hiring a contractor to do work you pay a deposit first

Here is the story:

My bf and I have been together for 2 years and we have been working for a few years now. Recently we have been looking at engagement rings.

After doing some research, I realised that diamond rings have a very low resale value so I decided that I do not want a diamond ring anymore. I read that contractors often received a deposit before completing their job and marriage is a lifelong job. So it makes perfect sense for me to take a deposit from my husband-to-be.

So I told him $50,000.

He was happy when I told him that I do not want a diamond ring but he called me crazy when I asked him to propose to me with a stack of cash. He then asked me why I want a $50k and I said the cash would be like a form of compensation for me. Like if he ever mistreats me in our marriage, I can still have some cash if things go sideways.

He then said, that is like preparing for divorce before getting married. Macham Alimony

After trying to persuade him for like an hour, he still insisted that my idea is crazy. But he has $60k of savings in his bank so he can afford it and shouldn’t be a problem for him. But he is totally unwilling to proceed.

Was I really crazy to ask for a deposit?

MAN REVEALS HOW DIVORCE LAWYERS CAN EARN OVER $2,000 IN 30 MINS

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A man who recently went through a divorce felt that it is so easy for divorce lawyers to earn money as the process for his divorce was so fast and furious.

Here is the story:

I went online to seek divorce lawyers and I managed to pick a few and found the cheapest one. After arranging the appointment with the lawyer, I went down and the lawyer started to ask about my situation.

I told him that my wife who is a foreigner has gone missing and was probably away from Singapore after failing to contact her. Even though she agreed with the divorce. she did not follow through with it and went missing.

The lawyer told me not to worry and asked me for a few key details such as the identification number and detail of both myself and my wife, he then started to draft the letter to submit to a court.

He asked for my contact details and my wife’s contact details and type in the letter that she was uncontactable and missing despite trying. The lawyer told me to dial the phone a few times and take a screenshot to attach as evidence.

The whole process for the lawyer to type and submit the letter to the court took less than 30mins. After 30mins I was told to pay around $2,000.

That’s it, the lawyer tells me to wait 3-7 months and I will most probably get approval for the divorce.

30 mins get $2,000. Lawyers earn more than doctors.

After about 4 months, I received a copy of the official court letter saying that my marriage has been dissolved.

Next time got son i sure ask him be a lawyer that focuses on such affairs.

39 WOMEN ARRESTED AFTER 238 MASSAGE PARLOURS CHECKED BY POLICE

According to the Police media release, 138 people are under investigation following an island-wide enforcement check on 238 massages establishments.

At least 100 massage establishments were found to have breaches under the Massage Establishments Act.

Special services

These reportedly include carrying on a business of offering massage services at a massage establishment without a valid licence and failing to guarantee staff do not give “special” services in violation of the Massage Establishments Rules 2018.

Four massage parlours were allegedly found to have violated the COVID-19 (Temporary Measures) (Control Order) Regulations 2020 and the COVID-19 (Temporary Measures) (Reopening – Control Order) Regulations 2022. These include claimed failures to minimize encounters between staff and customers on licensed premises, as well as failure to guarantee that all employees and consumers wear masks on licensed premises.

For first-time violations, establishments may face a 10-day closure order and a $1,000 punishment, while clients who were detected not complying may face the same penalty.

Arrest

A total of 39 women were arrested for offences under the Women’s Charter 1961 and the Employment of Foreign Manpower Act 1990.

Individuals found guilty of carrying on a business of providing massage services in an establishment for massage without a valid licence under Section 5(1) of the Massage Establishments Act 2017 are liable to a fine of $10,000, imprisonment of up two years, or both. Those found to have breached the prescribed rules and conditions under the Massage Establishments Rules 2018 are liable to a fine not exceeding $5,000.

Individuals who are repeat offenders of the Massage Establishments Act 2017 are liable to a fine not exceeding $20,000, imprisonment of up to five years, or both, while repeat offenders of the Massage Establishments Rules 2018 will be liable to a fine not exceeding $10,000, imprisonment for a term not exceeding two years, or both.

For non-compliance with safe distancing measures under the COVID-19 (Temporary Measures) (Control Order) Regulations 2020 and the COVID-19 (Temporary Measures) (Reopening – Control Order) Regulations 2022, individuals found guilty may be jailed for up to six months, fined up to S$10,000, or both.

5 YPs BETWEEN THE AGES OF 16 & 18 WERE ARRESTED FOR CHEATING CASES

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According to the Police media release, five men between the ages of 16 and 18 have been arrested for their suspected involvement in multiple cases of conspiracy to cheat.

25 Victims

Between February 2022 and 6 April 2022, the Police received nine reports where the victims were approached by the men to earn quick cash by subscribing to new handphone lines that came with a new handphone. The men had also promised to manage the monthly subscription payments. The men allegedly collected the handphone and sold it. The men then remained uncontactable. 

Through enquiries, officers from Central Division established the identity of the five men and arrested them during a two-day operation. Preliminary investigations revealed that the men had allegedly started the scheme in December 2021 and gave monetary incentives to “runners” for introducing more people to take up the scheme. At least 25 victims are believed to be affected, with the men obtaining wrongful gain of more than S$27,000.

Three men will be charged in court on 8 April 2022 with the offence of cheating with conspiracy under Section 420 read with Section 120B of the Penal Code 1871.

The offence carries an imprisonment term of up to 10 years and a fine.

More information on scam prevention

For more information on scams, members of the public can visit www.scamalert.sg or call the Anti-Scam Hotline at 1800-722-6688. Anyone with information on such scams may call the Police Hotline at 1800-255-0000 or submit information online at www.police.gov.sg/iwitness. All information will be kept strictly confidential.

5 PEOPLE UNDER INVESTIGATION, SINGPASS USED BY SCAM SYNDICATES

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According to the Police media release, 5 individuals are currently under investigation after they allegedly allowed their Singpass account to be used by others for illegal activities.

Police said that an island-wide anti-scam operation was conducted between Tuesday and Wednesday (Apr 5 – 6) which resulted in the investigations of four men and one woman between the ages of 20 and 28.

The 5 individuals allegedly disclosed their Singpass details which were then used by scam syndicates to register businesses in their names and open corporate bank accounts. The bank accounts were all involved in transactions linked to transfers of money related to investment scams.

Used by scammers

Preliminary investigations revealed that the individuals came across loan advertisements on social media, phishing links, and had allegedly disclosed their Singpass credentials for various purposes, such as to obtain loans. As a result, businesses were registered and corporate bank accounts were opened in their names. These accounts were then used to receive illegal proceeds from scam victims.

The Police would like to advise the public that disclosing Singpass login details can constitute an offence under Section 8(2)(a) of the Computer Misuse Act (Cap 50A, 2007 Rev Ed). If convicted, first-time offenders will each be liable to a fine not exceeding $10,000 or to imprisonment not exceeding three years, or both.

What the police advised:

Members of the public are advised to remain vigilant and should adopt the following crime prevention measures:

  1. Never disclose your Singpass login details to others;
  2. Check your Singpass account for any suspicious activities and report them, if any, to the Singpass helpdesk at 63353533 immediately.
  3. Reset your Singpass password at go.gov.sg/reset-sp-pw if you suspect any misuse of your Singpass account

To avoid becoming involved in money-laundering activities, members of the public should always reject requests to disclose their Singpass login details, or allow their personal bank accounts to be used to receive and transfer money for others. The Police would also like to caution members of the public against relinquishing their own Singpass accounts to others. Crime syndicates can make use of the disclosed Singpass login details to access a whole suite of digital services, including opening bank accounts, registering businesses in the owner’s name, making cash advances from the banks, and even accessing the owner’s CPF monies.