Chinamen scamming Singapore grants

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I was at a eatery this morning. There were two china new citizens, they were talking about BTOs and grants.

I heard them saying that they bring in some POS system for retail outlets for 500RMB software, add hardware, declare 一两万,the local retailers who tied up with them, open a each new outlet, apply grant for their POS can get $2000 cash back.

Win, win, why china men so smart.
 
Any local retailers who collaborate with Tiongs, especially in these interesting times, are very daft indeed. :cool:
 
Some are even selling u eletronics:eek::o-o:
 

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Singapore govt likes to support foreigners...

If a local-born commit the fraud, they will be exposed.

All grants require Singaporean's to own at least 40% of the company but there are also numerous foreigner-owned company (Singaporeans less than 40%) getting exemptions and enjoyed the grants.
 
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