Serious [ Singapore News ] Singaporeans Beware of Indian Snakes : Indian Magician S. Chandran Cheat Government More Than $1.1 Million in PIC Scam

[grandtour]

https://www.straitstimes.com/singap...mits-to-scam-involving-11m-in-fake-pic-claims

Magician admits to PIC claims scam involving more than $1.1 million

S. Chandran had helped 49 applicants submit fraudulent claims amounting to $1.1 million to the Productivity and Innovation Credit scheme between 2013 and 2014. ST PHOTO: WONG KWAI CHOW

Published
1 hour ago
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Shaffiq Alkhatib


SINGAPORE - A magician who conjured up a ruse to fraudulently claim cash payouts and bonuses under a government productivity scheme pleaded guilty on Friday (Nov 23) after a five-day trial.

S. Chandran, 37, helped 49 applicants submit fake claims to the Productivity and Innovation Credit (PIC) scheme between 2013 and 2014, seeking cash payouts totalling more than $1.1 million. Out of this, the Inland Revenue Authority of Singapore, which runs the scheme, disbursed $876,684.

On Friday, Chandran, an IT instructor turned magician, pleaded guilty to 18 charges under the Income Tax Act. Forty other similar charges will be taken into consideration during sentencing.

The PIC scheme was introduced to encourage productivity. It offers tax deductions or cash payouts to companies that have made genuine investments to enhance productivity and innovation, such as by investing in areas such as staff training, information technology or automation equipment.

As part of the conditions, businesses must employ at least three local employees before they are eligible for the PIC cash payouts.

Chandran, who is also the sole proprietor of a firm called Paradize Consultancy, had helped applicants obtain PIC cash payouts and bonuses even though they did not meet the qualifying conditions. In exchange, he would receive half of the amounts received.

He is now out on bail of $200,000 and will be back in court on Jan 11.

For each charge, Chandran can be jailed for up to five years and fined up to $50,000.

He can also be ordered to pay a penalty that is four times the amount of cash payouts and bonuses disbursed.

 

[AhMeng]

PAP's pride...Lol

 

[rambo22]

https://sg.news.yahoo.com/consultant-admits-submitting-1-million-fake-pic-claims-062503501.html







Consultant admits to submitting over $1 million in fake PIC claims

garment marnee also dare to cheat

should change his cumpany name to Paradie Consultancy instead

 

[rambo22]

https://sg.news.yahoo.com/consultant-admits-submitting-1-million-fake-pic-claims-062503501.html







Consultant admits to submitting over $1 million in fake PIC claims


S Chandran, a 37-year-old Singaporean, was the sole proprietor of Paradize Consultancy, which claimed to help firms submit PIC claims for government grants.

garment marnee also dare to cheat

should change his cumpany name to Paradie Consultancy instead

 

[grandtour]

https://www.straitstimes.com/singap...er-involved-in-scam-to-defraud-the-government

Fine, $49k penalty for lawyer involved in scam to defraud the Government

Kangatharn Ramoo Kandavellu was fined $4,500 and ordered to pay a penalty of $49,212 for being involved in a scam to defraud the Government by abusing the Productivity and Innovation Credit (PIC) scheme. ST PHOTO: WONG KWAI CHOW

Published
Aug 4, 2017, 1:44 pm SGT
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Shaffiq Idris Alkhatib


SINGAPORE - A lawyer was fined $4,500 and ordered to pay a penalty of $49,212 on Friday (Aug 4) for being involved in a scam to defraud the Government by abusing the Productivity and Innovation Credit (PIC) scheme.

Sole proprietor of law firm Kanga & Co Kangatharan Ramoo Kandavellu, 55, admitted in court on June 2 that he had given false information to the Comptroller of Income Tax. The PIC scheme is administered by the Inland Revenue Authority of Singapore (Iras).

Iras tax prosecutor Elisa Soh Hui said the scheme is meant to spur productivity by granting cash payouts and bonuses to businesses.

As part of the conditions, businesses must employ at least three local employees before they are eligible to apply for the PIC cash payouts. They must also incur business expenditures.

Ms Soh said Kangatharan was involved in the scam with sole proprietor of Paradize Consultancy S. Chandran, 35, and Chandran's wife, A. K. Sahtyah J. Alexander Vincent, 29.

In 2014, the lawyer heard about the PIC scheme from his friends. He also found out from them that Paradize Consultancy had a "licence" to make a PIC claim on behalf of applicants.

Kangatharan then arranged to attend a presentation on PIC organised by Paradize Consultancy.

Ms Soh said: "The accused was aware that he was not eligible for the PIC scheme. During the presentation, the accused informed Sahtyah that as he only had one person working for him on an informal basis, he did not have the requisite number of three employees to qualify for the PIC scheme."

Sahtyah told him that he would have to find two names to be used as employees.

According to court documents, Kangatharan, with the help of Sahtyah, Chandran and the staff at Paradize Consultancy, then made false declarations in the PIC cash payout application form dated July 1, 2014.

He stated that his son and sister were local employees of Kanga & Co even though they were not working there. He also falsely stated that his firm incurred an expenditure of $16,010.

Should his claim be successful, he would receive $24,606 from Iras. He then had to pay Paradize Consultancy half this amount.

However, Iras managed to detect the false information and made no payouts.

Despite this, Kangatharan was still hit with a penalty - which is double the $24,606 - because if not for detection, he would have been given the money.

Kangatharan was one of the last two of 18 claimants linked to Chandran.

Sole proprietor of Treasure Max Productions Stanley J. Alexander Vincent, now 27, was the second person to be dealt with on Friday.

The Malaysian who is a Singapore permanent resident is also Sahtyah's younger brother.

He was fined $5,000 and ordered to pay a penalty of $39,192 after pleading guilty on June 2 to three counts of giving false information to the Comptroller of Income Tax between October 2013 and April 2014.

The case involving Chandran is still pending. He was charged in court on Jan 27 with multiple counts of helping others to fraudulently obtain PIC cash payouts and bonuses amounting to $1.1 million. This is the biggest case involving an alleged PIC promoter to date.

The alleged offences occurred between June 2013 and November 2014.

An offender convicted of giving false information can be jailed up to three years and fined up to $5,000.

On top of this, he can also be ordered to pay a penalty of twice the amount of the cash payouts and bonuses.

 

[melzp]

the pic is shady enough with sunglass and umbrella.
PAP is so stupid 49 times to disburse $$$ and to encourage PIC.
Wonder what John Tan gonna say or how he is committing suicide.

 

[AhMeng]

I am sure he has accomplices in the chenghu system to do such an extensive rampage ... Tip of iceberg...

 

[AhMeng]

Indians again. PAP'S PRIDE ...LOL

 

[grandtour]

https://www.straitstimes.com/singap...er-involved-in-scam-to-defraud-the-government

Fine, $49k penalty for lawyer involved in scam to defraud the Government

Kangatharn Ramoo Kandavellu was fined $4,500 and ordered to pay a penalty of $49,212 for being involved in a scam to defraud the Government by abusing the Productivity and Innovation Credit (PIC) scheme. ST PHOTO: WONG KWAI CHOW

Published
Aug 4, 2017, 1:44 pm SGT
Facebook Twitter WhatsApp Email
Shaffiq Idris Alkhatib


SINGAPORE - A lawyer was fined $4,500 and ordered to pay a penalty of $49,212 on Friday (Aug 4) for being involved in a scam to defraud the Government by abusing the Productivity and Innovation Credit (PIC) scheme.

Sole proprietor of law firm Kanga & Co Kangatharan Ramoo Kandavellu, 55, admitted in court on June 2 that he had given false information to the Comptroller of Income Tax. The PIC scheme is administered by the Inland Revenue Authority of Singapore (Iras).

Iras tax prosecutor Elisa Soh Hui said the scheme is meant to spur productivity by granting cash payouts and bonuses to businesses.

As part of the conditions, businesses must employ at least three local employees before they are eligible to apply for the PIC cash payouts. They must also incur business expenditures.

Ms Soh said Kangatharan was involved in the scam with sole proprietor of Paradize Consultancy S. Chandran, 35, and Chandran's wife, A. K. Sahtyah J. Alexander Vincent, 29.

In 2014, the lawyer heard about the PIC scheme from his friends. He also found out from them that Paradize Consultancy had a "licence" to make a PIC claim on behalf of applicants.

Kangatharan then arranged to attend a presentation on PIC organised by Paradize Consultancy.

Ms Soh said: "The accused was aware that he was not eligible for the PIC scheme. During the presentation, the accused informed Sahtyah that as he only had one person working for him on an informal basis, he did not have the requisite number of three employees to qualify for the PIC scheme."

Sahtyah told him that he would have to find two names to be used as employees.

According to court documents, Kangatharan, with the help of Sahtyah, Chandran and the staff at Paradize Consultancy, then made false declarations in the PIC cash payout application form dated July 1, 2014.

He stated that his son and sister were local employees of Kanga & Co even though they were not working there. He also falsely stated that his firm incurred an expenditure of $16,010.

Should his claim be successful, he would receive $24,606 from Iras. He then had to pay Paradize Consultancy half this amount.

However, Iras managed to detect the false information and made no payouts.

Despite this, Kangatharan was still hit with a penalty - which is double the $24,606 - because if not for detection, he would have been given the money.

Kangatharan was one of the last two of 18 claimants linked to Chandran.

Sole proprietor of Treasure Max Productions Stanley J. Alexander Vincent, now 27, was the second person to be dealt with on Friday.

The Malaysian who is a Singapore permanent resident is also Sahtyah's younger brother.

He was fined $5,000 and ordered to pay a penalty of $39,192 after pleading guilty on June 2 to three counts of giving false information to the Comptroller of Income Tax between October 2013 and April 2014.

The case involving Chandran is still pending. He was charged in court on Jan 27 with multiple counts of helping others to fraudulently obtain PIC cash payouts and bonuses amounting to $1.1 million. This is the biggest case involving an alleged PIC promoter to date.

The alleged offences occurred between June 2013 and November 2014.

An offender convicted of giving false information can be jailed up to three years and fined up to $5,000.

On top of this, he can also be ordered to pay a penalty of twice the amount of the cash payouts and bonuses.

Typical Indian Snakes Colluding & Cheating

 

[Rogue Trader]

Indians are master illusionists .. Pap also kenna con

 

[no_faith]

Got 1 FT mediacock artist also submit claims with empty shell companies also approve leh
Knn miss the boat should submit too

 

[rambo22]

Got 1 FT mediacock artist also submit claims with empty shell companies also approve leh
Knn miss the boat should submit too

u miss the boat is fine

but u sure wont miss the bus,

Changi Prison bus

 

[no_faith]

u miss the boat is fine

but u sure wont miss the bus,

Changi Prison bus

But the FT mediacock artist bo taiji leh
No prison sentence

 

[borom]

The officer who processed and approved the claim in IRAs should be sacked.

 

[Simba86]

https://www.straitstimes.com/singap...mits-to-scam-involving-11m-in-fake-pic-claims

Magician admits to PIC claims scam involving more than $1.1 million

S. Chandran had helped 49 applicants submit fraudulent claims amounting to $1.1 million to the Productivity and Innovation Credit scheme between 2013 and 2014. ST PHOTO: WONG KWAI CHOW

Published
1 hour ago
Facebook Twitter WhatsApp Email
Shaffiq Alkhatib


SINGAPORE - A magician who conjured up a ruse to fraudulently claim cash payouts and bonuses under a government productivity scheme pleaded guilty on Friday (Nov 23) after a five-day trial.

S. Chandran, 37, helped 49 applicants submit fake claims to the Productivity and Innovation Credit (PIC) scheme between 2013 and 2014, seeking cash payouts totalling more than $1.1 million. Out of this, the Inland Revenue Authority of Singapore, which runs the scheme, disbursed $876,684.

On Friday, Chandran, an IT instructor turned magician, pleaded guilty to 18 charges under the Income Tax Act. Forty other similar charges will be taken into consideration during sentencing.

The PIC scheme was introduced to encourage productivity. It offers tax deductions or cash payouts to companies that have made genuine investments to enhance productivity and innovation, such as by investing in areas such as staff training, information technology or automation equipment.

As part of the conditions, businesses must employ at least three local employees before they are eligible for the PIC cash payouts.

Chandran, who is also the sole proprietor of a firm called Paradize Consultancy, had helped applicants obtain PIC cash payouts and bonuses even though they did not meet the qualifying conditions. In exchange, he would receive half of the amounts received.

He is now out on bail of $200,000 and will be back in court on Jan 11.

For each charge, Chandran can be jailed for up to five years and fined up to $50,000.

He can also be ordered to pay a penalty that is four times the amount of cash payouts and bonuses disbursed.

 

[bobby]

Angmoh after spending too long under the sun in Sentosa Beach ?

 

[A Singaporean]

When you see an Ah Neh and a snake what would you do?

 

[CPTMiller]

PIC grant not easy to get.
They ask many documentation and proof.
My friend company apply waiting so long before approve claims

 

[Loofydralb]

Indians are master illusionists .. Pap also kenna con

This is small change. Wait until the investments using our money in India goes POOOF!

 

[Rogue Trader]

This is small change. Wait until the investments using our money in India goes POOOF!

Ho Ching appointed an ah neh successor. He will dazzle the audience with his magic accounting