TREK 2000 International’s former divisional president Foo Kok Wah was on Monday (May 8) sentenced to two months’ jail for cheating and falsifying accounts.

He was previously convicted of two charges on Jan 30. Another charge for falsifying accounts was also taken into account in his sentencing.

This comes after Trek 2000 founder Henn Tan, former executive director Poo Teng Pin and former chief financial officer Gurcharan Singh were convicted of charges in related conspiracies. The trio were sentenced to between nine and 16 months’ jail.

Investigations by the Commercial Affairs Department revealed that in 2015, the trio falsified the company’s books for the financial year ended Dec 31, 2015 by recording a fictitious sale worth US$3.2 million to Unimicron Technology.

In 2016, Trek 2000’s auditors Ernst & Young (EY) questioned the fictitious sale to Unimicron and requested supporting documents, which the trio could not produce.

They then decided to inform EY that Colite Technology was the counterparty rather than Unimicron. Foo was roped in and tasked to assist in addressing EY’s queries.

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Foo, together with the trio, then deceived EY into believing the sale was genuine and that the company’s FY2015 financial statements had been drawn up properly, said the police.

They also prepared a document setting out a false chronology of events relating to the fictitious sale and handed this to EY, the police added.

Foo also instigated an employee to create a false tax invoice and delivery order reflecting a sale that was made to Colite.

Foo’s conviction and sentencing marks the end of the four prosecutions highlighted in 2019.

Shares of mainboard-listed Trek 2000 were trading flat at S$0.06 as at 4.08pm on Friday (May 5).