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Trek 2000 founder sentenced to 16 months’ jail for offences including cooking the books

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Tay Peck Gek

Tay Peck Gek

Published Tue, Oct 11, 2022 · 03:24 PM
    • Trek 2000 founder Henn Tan conspired with a few senior officers to inflate revenue and pre-tax operating profit.
    • Trek 2000 founder Henn Tan conspired with a few senior officers to inflate revenue and pre-tax operating profit. PHOTO: BT FILE

    TREK 2000 International ’s founder Henn Tan was sentenced to 16 months’ imprisonment on Tuesday (Oct 11) for engaging in conspiracies to falsify accounts, forge documents and deceive external auditors of the firm that developed the ubiquitous thumb drive.

    The 66-year-old former chief executive of mainboard-listed Trek 2000 has been in remand since June, and this period will count towards his jail term.

    Asking the court to sentence the accused to at least one year and seven months’ jail, the prosecution said his crimes “made a mockery of corporate governance in Singapore”. Offences that affect the integrity of the financial markets therefore warrant a generally deterrent sentence, argued the prosecution.

    trek 2000Audit

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