Financial crimes
Autobahn Rent A Car director Roy Tan faces fresh forgery charge
He is accused of forging nine receipts to show that S$1.9 million had been paid in full to Toyota distributor Borneo Motors for nine cars
Former Biofourmis CEO to be charged over alleged fraud and falsified invoices worth US$16.5 million
BT understands the accused to be the healthcare startup’s founder and former chief executive Kuldeep Singh Rajput
Anatomy of a scam empire: Brains and businesses behind Chen Zhi’s network centred in Cambodia
The Business Times unravels the tangled web of sanctioned collaborators, accused associates and entities, using Handshakes data
Former Credit Suisse VP jailed 13 years for forging transactions costing bank S$14m in compensation
[SINGAPORE] While employed at Credit Suisse, a woman forged at least 112 letters to perform unauthorised transactions on her clients’ accounts, which eventually cost the bank S$14.35 million in compen...
Singapore rejects request to release funds from firms linked to alleged Cambodian scam kingpin Chen Zhi
[SINGAPORE] A district judge from the State Courts has dismissed the application made by a former employee of alleged Cambodian scam kingpin Chen Zhi, for the release of seized funds.
TerraUSD creator Do Kwon sentenced to 15 years over US$40 billion crypto collapse
Kwon pleaded guilty in August to two counts, conspiracy to defraud and wire fraud
Ex-director and founder of Agritrade International charged with cheating investment platform
Ng Say Pek was arrested on Dec 1 after being on the run for over five years
Complaints to Fidrec hit 20-year high; scam-related cases spike
Fraud and scam-related disputes account for 1,285 claims, up 55% from the year before
Singapore court clears way for US$2.7 billion suit against StanChart in 1MDB scandal-linked claim
Claims involve an alleged US$150 million deposit to Najib Razak and US$77 million for his wife Rosmah Mansor’s bags and jewellery
US charges 8, including 2 Singaporeans in global insider-trading scheme
Federal prosecutors in Boston said the scheme ran from 2016 to 2024 and was led by a former Merrill Lynch banker in France
