SLA senior staff arrested for corruption

[Merl Haggard]

Thought old fart once said high salary would prevent corruption!



SLA staff member charged with fraud of $11.8m

By S Ramesh
28 September 2010 1223 hrs

SINGAPORE: A senior staff member of the Singapore Land Authority (SLA) is facing 249 charges of cheating the Authority of $11.8 million.

40-year-old Koh Seah Wee was charged on June 25. He is alleged to have conspired with two others, Lim Chai Meng and Ho Yen Teck to cheat the Authority.

He did so by awarding network maintenance contracts to various companies.

Koh was a deputy director with SLA's Technology and Infrastructure Department and his level of approval allowed payments to be made to these shell companies.
No work was done to fulfil the contracts.

According to some charge sheets, payments were made in amounts ranging from $25,000 to $60,000.

Koh also faces several charges of using his ill-gotten gains to buy cars and properties.

The charges said that Koh had used the money to pay for a Lamborghini, Mercedes Benz cars, acquire property at Axis@Siglap along East Coast Terrace,
and purchase various unit trusts.

Koh is being defended by lawyer Ravinderpal Singh and his case will be mentioned again on October 19.

Koh has been remanded and his bail stands at $1.5 million.

 

[Merl Haggard]

Another SLA staff member named in SLA cheating case

By Favian Ng
28 September 2010 1414 hrs


SINGAPORE: Another man has been named in the $12 million cheating case at the Singapore Land Authority (SLA).

The Department's Manager of Technology and Infrastructre Department Lim Chai Meng is suspected to have conspired with SLA's Deputy Director of Technology
and Infrastructure Department Koh Seah Wee to cheat the Authority.

The pair allegedly rendered false invoices for fictitious maintenance contracts in transactions between January 2008 and March 2010, worth $11.8 million.

A joint statement from the SLA and the Law Ministry said that cash and assets worth about $10 million have been located and secured so far.

While police investigations against Koh are largely complete, Lim and other unnamed individuals running the business entities which were believed to have provided
the false invoices, are still assisting the Police.

The statement added that SLA had finance and procurement processes in accordance with Government guidelines.

However, the two officers were said to have conspired with each other and the business entities involved, to enable them to circumvent the checks and balances.

The Law Ministry set up an independent review panel following the matter in June, and has since implemented the panel's recommendations.

It has also directed that disciplinary investigations be started to see if oversight might have allowed the fraud to take place, and disciplinary action be taken if
appropriate.

 

[Yip Hon]

.


How did he got caught ?


Was he a high roller at the 2 casinos ??? :(


.

 

[Merl Haggard]

.


How did he got caught ?


Was he a high roller at the 2 casinos ??? :(


.

Koh had used the money to pay for a Lamborghini, Mercedes Benz cars, acquire property at Axis@Siglap along East Coast Terrace,
and purchase various unit trusts

 

[Tiu-leh-see-fart]

Good news merl !

Hope to read more of these real people real issues on the ground.

These are PAP dogs --so-called pariah dogs !

This is just a tip of a huge iceberg !!

 

[streetsmart73]

.


How did he got caught ?


Was he a high roller at the 2 casinos ??? :(


.

hi there


1. aiyoh! at 40 some deputy director, super scale earner too!
2. and yet swindled things.
3. probably, his salary is not enough and led him to do bad things leh.
4. sla must review its remuneration package for its top earners to prevent such happenings.
5. as some old sheep quote: high remuneration equates no corruption.

 

[Merl Haggard]

Good news merl !

Hope to read more of these real people real issues on the ground.

These are PAP dogs --so-called pariah dogs !

This is just a tip of a huge iceberg !!

Bloody greedy old fart conned S'poreans that by paying them sky-high wages so that they don't need to resort to corruption.

God should have taken old fart away instead of Balaji.

 

[drifter]

theres more to come from the goverment sectors ...this is just the beginning . behind every wealth there is a crime ....

 

[alvin36]

bloody stupid cock.. to use the "stolen" money and spent on all this stuff. Sure kennah dig out ... and all confiscated.

He should have lead a quiet life... keep the money oversea.. and migrate one day

With a bail of $1.5 mil... I estimate he will get about 7 yrs....

 

[Rogue Trader]

7 years only? that's lucky. in china he would have to face the firing squad.

 

[Merl Haggard]

According to court documents, Koh Seah Wee (above), then with SLA's application services department,
conspired with an ex-colleague Lim Chai Meng, to deceive SLA to pay large sums of money to 10 firms for
computer and IT services from 2008 till March this year.





Singapore land authority fraud case
Flashy cars for wife and mother-in-law

By Khushwant Singh
28th Sept, 2010





With the $11.8 million he allegedly took from conspiring with a colleague to cheat the Singapore Land Authority (SLA), Koh Seah Wee,
a former SLA deputy director, bought two flashy cars for his wife and mother-in-law.

He gave his wife Yeing Nyok Sea, 38, a $1.6 million Lamborghini and his mum-in-law Kok A Mui a $300,000 Mercedes Benz coupe.

He is also believed to have used the money to buy property and invest in unit trusts and other financial products since 2008.

Koh, 40, who is facing 237 charges of cheating the SLA of $11.8 million, was charged with an additional 12 counts on Tuesday.

According to court documents, Koh, then with SLA's application services department, conspired with an ex-colleague Lim Chai Meng,
37, to deceive SLA to pay large sums of money to 10 firms for computer and IT services from 2008 till March this year. Seven of these
companies were owned by businessman Ho Yen Teck, 31.

If convicted of cheating in a district court, he could be fined up to $10,000 and jailed up to 10 years on each count. For concealing
criminal proceeds, he could be fined up to $500,000 and/or jailed up to seven years.

 

[Merl Haggard]

Old fart conned S'poreans by saying, "pay us well so that we won't resort to corruption!"

 

[Tiu Kwang Yew]

How come no people check temasick and GIC right !

but now...they GIC is winning big, recoup oredi ! Hahahahahaha..

no people would dare to check two golden gooses right !

win or lose, we also lan lan !




Singapore's GIC says it has regained most losses from crisis

ShareretweetEmailPrintTopics:Economy Government and PolicyInternational On Tuesday 28 September 2010, 12:18 SGT

Singapore state investment agency GIC has recovered most of its losses caused by the 2008 financial crisis after the global economy rebounded last year, officials said.

The Government of Singapore Investment Corporation (GIC) said late Monday that the average rate of return on its investments rose to 7.1 percent in US dollar terms in the year ending March, up from 5.7 percent the previous year.

In the year to March 2008, before the financial crisis broke out in the United States as a result of a housing mortgage meltdown, GIC had reported an average rate of return of 7.8 percent.

GIC, which was set up in 1981, is one of the city-state's two sovereign wealth funds -- along with Temasek Holdings -- and invests Singapore's foreign reserves of well over 100 billion dollars with a 20-year horizon in mind.

"Global stock markets recovered strongly in 2009. This was a rebound from the devastation in the financial crisis of 2008," group chief investment officer Ng Kok Song said in GIC's annual report.

"The increase in value of the government's portfolio in the financial year to 31 March 2010 largely offset the loss in the previous year," he said.

GIC did not put a value on its portfolio but said public equities, mostly in the developed markets, made up 51 percent of its overall assets followed by fixed income investments at 20 percent.

The rest of its portfolio comprised real estate, natural resources and private equity, GIC said.

"GIC started to selectively take on more risk from the second quarter of 2009, amidst growing confidence in the economic recovery," said deputy chairman and executive director Tony Tan.

"I am pleased that the 20-year return of the portfolio has improved," he said.

GIC's invests in a wide wide range of asset classes including public equities, real estate in leading world capitals and private equities.

Temasek invests mostly in Singapore and Asia and has stakes in leading companies including Standard Chartered bank and flag carrier Singapore Airlines.

 

[Yip Hon]

http://file.walagata.com/w/ghisallo/corrupt_



Koh Seah Wee




[B][SIZE="4"]Singapore land authority fraud case
Flashy cars for wife and mother-in-law [/SIZE][/B]

By Khushwant Singh
28th Sept, 2010





With the $11.8 million he allegedly took from conspiring with a colleague to cheat the Singapore Land Authority (SLA), [COLOR="Red"]Koh Seah Wee,
, aged 40 , a former SLA deputy director, [/COLOR]


question for bros : a) is he a scholar or "farmer" ?

 

[devilblue]

his wife Yeing Nyok Sea. What sort of nationality is this?

 

[devilblue]

his wife Yeing Nyok Sea. What sort of nationality is this?

Seems like Malaysia Chinese to me. Oh...another vetted PR for SG....:oIo:

 

[silverfox@]

his wife Yeing Nyok Sea. What sort of nationality is this?

Should be cambodian

 

[soikee]

This chee-bye kia must be very well connected to the Leegime to be appointed as a deputy director with only a Poly diploma.

This reminds me of whore jinx's brudder who has got a cushy job through her influence.

Following the sacking of a senior SPH executive last week for receiving illegal payments and misappropriating shopping vouchers, two senior officials of a government-linked agency, Singapore Land Authority (SLA) is under investigation for corruption.

Koh Seah Wee, a deputy director with SLA’s Technology and Infrastructure Department and Christopher Lim Chai Meng, a manager in the same department, are suspected to have conspired to cheat SLA of $11.8 million dollars with bogus
invoices between January 2008 and March 2010.

Lim allegedly set up seven shell companies under his name and bill SLA for non-existent maintenance contracts while Koh approved payments ranging from $25,000 to $60,000 to them.

According to Chinese evening daily Lianhe Wanbao, Koh spent the money on two condominiums, a branded sports car and DBS High notes. A diploma holder from a Singapore polytechnic, Koh joined SLA in 2007 and
began cheating the organization a year later.

SLA and the Ministry of Law told the media in a joint press statement that “SLA had in place finance and procurement processes which were in accordance with Government guidelines”. About $10 million dollars of the loot have been recovered
so far.

The sensational case made the headlines in Singapore which is known for its squeaky clean image. It was ranked as the third least corrupted nation in the world by Transparency International last year.

 

[SIFU]

there should be many others not caught. the civil service is in the dumps.

remember recently also got civil servants from MOM and SIR got caught for corruptions.

 

[Merl Haggard]

This chee-bye kia must be very well connected to the Leegime to be appointed as a deputy director with only a Poly diploma.

This reminds me of whore jinx's brudder who has got a cushy job through her influence.

Following the sacking of a senior SPH executive last week for receiving illegal payments and misappropriating shopping vouchers, two senior officials of a government-linked agency, Singapore Land Authority (SLA) is under investigation for corruption.

Koh Seah Wee, a deputy director with SLA’s Technology and Infrastructure Department and Christopher Lim Chai Meng, a manager in the same department, are suspected to have conspired to cheat SLA of $11.8 million dollars with bogus
invoices between January 2008 and March 2010.

Lim allegedly set up seven shell companies under his name and bill SLA for non-existent maintenance contracts while Koh approved payments ranging from $25,000 to $60,000 to them.

According to Chinese evening daily Lianhe Wanbao, Koh spent the money on two condominiums, a branded sports car and DBS High notes. A diploma holder from a Singapore polytechnic, Koh joined SLA in 2007 and
began cheating the organization a year later.

SLA and the Ministry of Law told the media in a joint press statement that “SLA had in place finance and procurement processes which were in accordance with Government guidelines”. About $10 million dollars of the loot have been recovered
so far.

The sensational case made the headlines in Singapore which is known for its squeaky clean image. It was ranked as the third least corrupted nation in the world by Transparency International last year.

This corrupt fella is a close friend of Teo Ser Luck.