Property agent jailed for stamp duty fraud
He used eight bogus certificates to cheat taxman of $3,700
Published on May 16, 2012
Tan is the first property agent to be charged under the Stamp Duties Act for passing off counterfeit stamp certificates as genuine. -- PHOTO: SINGAPORE POLICE FORCE
By Selina Lum
A 24-year-old property agent was on Tuesday jailed for 12 weeks for using fake stamp certificates, in the first case of its kind.
Desmond Tan Hock Heng, who was with Dennis Wee Group, admitted cheating the Commissioner of Stamp Duties of $3,694 by using eight bogus stamp certificates in seven property rental deals.
Separately, he was jailed for another two weeks for pocketing rent payments that two clients had entrusted to him, amounting to $4,600 in one case and $3,600 in the other.
Tan is the first property agent to be charged under the Stamp Duties Act for passing off counterfeit stamp certificates as genuine.
Read the full story in Wednesday's edition of The Straits Times.
