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Sunshine empire guy jailed 9 yrs for $20 mils, SLA guy jail 10 yr for $200k

Ilovelamb

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THE first man to plead guilty in the Singapore Land Authority $12 million . was given 10 years' jail by a district court on Friday.

Ho Yen Teck, 31, a former swimming instructor, had set up seven sole proprietorships in a conspiracy with two others to deceive the statutory board into paying for fictitious IT maintenance services and goods which were not delivered.

The transactions took place between January 2008 and March 2010. His share in the conspiracy was about $200,000. The court was told that almost 80 per cent of the total payments by SLA for the fake transactions was made to Ho's seven companies totalling $9.8 million.

Ho's alleged accomplices, former SLA deputy director Koh Seah Wee, 40, and ex-manager Lim Chai Meng, 37, have since been charged and their cases are at the pre-trial stages. Five others have also been hauled to court. Their cases are also pending. The prosecution had urged the court to impose a deterrent sentence, citing several aggravating factors.

Deputy Public Prosecutor Jean Chan had said that the offences were committed against a public institution over a substantial period of time, resulting in the loss of an astronomical sum of public funds. Ho's role, she added, was pivotal. The offences undermined the integrity of the public procurement process, she said. Neither did Ho make full restitution.

District Judge Jasbendar Kaur agreed with the prosecution that a stiff sentence was clearly warranted. She felt that Ho's role was significant and without his participation and active facilitation, the elaborate and well-planned fraud would not have been successful. Ho, who had pleaded guilty to 21 of 195 counts, could have been jailed for up to 10 years and fined on each charge. His sentence was backdated to his remand on Oct 6 last year.
 
bro....SLA guys are Seah and Lim lah...not Ho lah...Ho is the accomplice lah...
 
for the Sunshine empire guy ..did the police manage to recover all the money ?
 
Sunshine empire guy jailed 9 yrs for $20 mils, SLA guy jail 10 yr for $200k ...
if cheat peasants moni, heck care la ...

if cheat world's greediest gahmen's moni n kena cot, u take care, hor! ... :o
 
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