Brandz director jailed 15 months for raising funds without prospectus
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Tay Peck Gek
Singapore
THE court has sentenced an undischarged bankrupt businessman to 15 months' imprisonment for raising funds from investors in the form of a convertible loan without a prospectus.
District Judge Jasvender Kaur on Oct 7 handed down the jail term to Tay Chee Ming, 54, after a nine-day trial, having found that the director of Brandz Group had breached the Securities and Futures Act (SFA).
