T
Tadakatsu Honda
Guest
Singapore
Feb 18, 2010
Jailed for cheating 4 investors
<!-- by line --> By Khushwant Singh
<!-- end by line -->
<!-- end left side bar --> <!-- story content : start --> HE POSED as a big-time caterer with lucrative contracts with the Singapore Armed Forces and firms in Batam, Indonesia. Mohd Farid Aliman, 41, also promised that for every $4,000 investment in his company, Raffleasia Food Chain Services, it would yield a profit of $1,200 every fortnight. But the four people who poured in more than half a million dollars between 2001 and 2005 lost nearly all of it and on Thursday, Farid was jailed for 5 1/2 years by a district court.
He had cheated on 126 occasions and forged cheques and the social visit extension on his wife's passport on six instances. Farid asked the district court to impose a lenient sentence as he had resorted to cheating to pay debts from operating two canteen businesses. But District Judge Jasvender Kaur, noting that Farid's 'thoroughly dishonest endeavour spanned over five years and involved a staggering sum of money,' said a lengthy jail term was called for.
Feb 18, 2010
Jailed for cheating 4 investors
<!-- by line --> By Khushwant Singh
<!-- end by line -->
<!-- end left side bar --> <!-- story content : start --> HE POSED as a big-time caterer with lucrative contracts with the Singapore Armed Forces and firms in Batam, Indonesia. Mohd Farid Aliman, 41, also promised that for every $4,000 investment in his company, Raffleasia Food Chain Services, it would yield a profit of $1,200 every fortnight. But the four people who poured in more than half a million dollars between 2001 and 2005 lost nearly all of it and on Thursday, Farid was jailed for 5 1/2 years by a district court.
He had cheated on 126 occasions and forged cheques and the social visit extension on his wife's passport on six instances. Farid asked the district court to impose a lenient sentence as he had resorted to cheating to pay debts from operating two canteen businesses. But District Judge Jasvender Kaur, noting that Farid's 'thoroughly dishonest endeavour spanned over five years and involved a staggering sum of money,' said a lengthy jail term was called for.