Jason Holdings' founder and ex-CEO Jason Sim charged with cheating
He is accused of cheating several banks of over S$5 million between 2011 and 2015
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Singapore
FORMER chief executive officer and executive director of Jason Holdings, Jason Sim Chon Ang, has been charged in the State Courts for allegedly cheating banks of over S$5 million over four years.
Sim, 52, who founded the wood floor specialist, faces 16 cheating charges, punishable under Section 420 of the Penal Code and two charges for offences under the Companies Act.
According to the charge sheets filed by the Commercial Affairs Department (CAD) on July 24, 2018, Sim is accused of cheating DBS Bank, Standard Chartered Bank, Malayan …
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