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Lamborghini-driving boss of Eminent Frog Porridge, Buntono, 49, charged with S$3.8 million tax evasion, money laundering

Cash Rewards for Informants

A reward based on 15% of the tax recovered, capped at $100,000, will be given to informants if the information and/or documents provided lead to a recovery of tax that would have otherwise been lost. All payments are at the discretion of the Comptroller. IRAS will ensure that the identities of informants are kept strictly confidential.

Starting a company to recruit professional informants to report suspicious busineses nao!!!
 
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Nice AMDK hair colour LOL:

https://www.businesstimes.com.sg/si...ged-s3-8-million-tax-evasion-money-laundering
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Farking Indonesian money launderer again:

**Buntono** (full name: **Buntono Sugiarto**) is a Singaporean businessman.

### Key Details from the Article:
- He is the owner of **Eminent Frog Porridge**, a well-known local F&B chain.
- He was charged in court for **S$3.8 million in tax evasion and money laundering**.
- He is known for driving luxury cars (Lamborghini, etc.) and living a flashy lifestyle.

### Country of Origin
- **Indonesia** — He is originally from Indonesia and later became a Singapore Permanent Resident (PR) or citizen.

This type of case is not uncommon among successful F&B business owners in Singapore who have foreign origins.

The case is still ongoing as per the article.
--------- Source: Grok AI
 
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Just one outlet can earn so much? I think he has other biz too with different name. This news is for him to how lian how rich he is. Either pay fines or use the missing fines open volunteer pap non profit organization etc etc.. open hospital tat money still not enough...
 
Frog leg nice to eat but they put alot pesticide so is very unhealthy liao. Indon chink businessman very shrewd know many indon chink here get pr citizen without serve ns and very smart in doing biz.
 

Lamborghini-driving boss of Eminent Frog Porridge charged with S$3.8 million tax evasion, money laundering​

Assets linked to alleged crimes include the car, landed property and S$2.4 million in cash

Shikhar Gupta

Shikhar Gupta

Published Fri, Jul 3, 2026 · 11:15 AM

  • Buntono is accused of possessing properties that, in part, represented his benefits from income tax evasion, including a Lamborghini Aventador similar to the one pictured.
  • Buntono is accused of possessing properties that, in part, represented his benefits from income tax evasion, including a Lamborghini Aventador similar to the one pictured. PHOTO: LAMBORGHINI

[SINGAPORE] The owner of Eminent Frog Porridge, one of Singapore’s popular late-night dining spots and a Michelin Bib Gourmand recipient, was charged in court on Friday (Jul 3) with evading S$3.8 million in taxes and laundering the illicit proceeds.

Buntono, 49, who operates Eminent Frog Porridge and Eminentseafood, faces a total of 30 charges following a joint investigation by the Inland Revenue Authority of Singapore (Iras) and the Commercial Affairs Department.

The restaurateur is accused of systematically understating his trade income between the years of assessment 2016 and 2024. Authorities allege this resulted in roughly S$2 million of undercharged income tax.

Additionally, Buntono is accused of deliberately concealing his businesses’ liability to register for the goods and services tax, leading to a further S$1.8 million in undercharged GST during the same eight-year period.

Singapore law requires businesses to register for GST if their taxable turnover exceeds S$1 million over a 12-month period. Failure to do so leaves business owners liable for back-taxes on all past transactions, regardless of whether the tax was actually collected from customers.

Luxury assets targeted​

The case continues Singapore’s focus on tracing the proceeds of financial crimes to tangible luxury assets. Under the money laundering charges, Buntono is accused of possessing properties that partially represent the benefits of his alleged tax evasion.

Asean Intelligence​


These assets include more than S$2.4 million in cash, a Lamborghini Aventador supercar and a landed residential property.

Under Singapore’s Corruption, Drug Trafficking and Other Serious Crimes Act, concealing or possessing benefits derived from criminal conduct carries severe penalties, including fines of up to S$500,000, up to 10 years in prison, or both.

Tax evasion itself carries equally stringent punishments in the city-state, with Iras noting that offenders can face penalties of up to four times the amount of tax evaded, alongside potential jail time.

In its joint statement with the police, Iras issued a broader warning to local business owners to ensure proper bookkeeping, reminding taxable persons that business records must be kept for at least five years.

The authority also reiterated its cash reward programme, which offers informants up to 15 per cent of recovered taxes, capped at S$100,000, for information leading to the exposure of tax fraud.

Want to siam tax than don’t drive Lambo….. SG government is not totally blind. Want to siam tax than keep low profile…. Stupidity got no cure
 
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