Chit Foo News Today

The 38-year-old businessman created over 200 shell companies to apply for grants from the taxman. . Read more at straitstimes.com.

Singapore News - A 38-year-old businessman was convicted of cheating the Inland Revenue Authority of Singapore (Iras) of over $11.7 million through a scheme in which he created over 200 shell companies to apply for grants from the taxman. Lim Chit Foo pleaded guilty to 20 cheating charges... Read more at www.tnp.sg