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Company director gets 20 months' jail, S$1.52mil penalty for offences related to Iras scheme

SINGAPORE (The Straits Times/Asia News Network): A director of multiple companies was sentenced to 20 months’ jail and ordered to pay a penalty of S$1,520,800 on Tuesday (Aug 29) for offences committed in relation to a scheme that is meant to encourage businesses to invest in productivity and innovation.
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