Trek 2000 founder sentenced to 16 months’ jail for offences including cooking the books
Add BT as a preferred source
Tay Peck Gek
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.
TRENDING NOW
Singapore Kitchen CEO, senior manager charged with alleged fraud, falsifying accounts; both to stay in jobs for now
Profit with purpose: Kim Choo Kueh Chang’s pivot from public listing to protecting heritage
Who would buy Vietnam’s state-owned stakes – when Hanoi is ready to sell?
Orchard plot, Jurong East EC, Raffles Town Club site among 10 new housing parcels in H2 GLS plan
