Monetary Authority Of Singapore: Court Convicts Individual For False Trading And Deception Date
15/03/2021
Mr Wong Leon Keat (Mr Wong) was sentenced on 12 March 2021 to a total of eight weeks’ imprisonment
[1] and a fine of $30,000 for false trading and deceiving a brokerage firm while trading in the shares of Gaylin Holdings Limited (Gaylin). He was convicted on 11 February 2021 and his conviction was the result of a joint investigation conducted by the Monetary Authority of Singapore (MAS) and the Commercial Affairs Department of the Singapore Police Force, following a referral by the Singapore Exchange Securities Trading Limited (SGX-ST) to the MAS.
2 Mr Wong was charged with the following offences:
Ex-company director sentenced to jail for false trading and deception: MAS channelnewsasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelnewsasia.com Daily Mail and Mail on Sunday newspapers.
US$4 million seized in Singapore from Canadian group that sold encrypted devices to drug cartels Toggle share menu
Advertisement
Advertisement Singapore
File photo of a person typing on a keyboard. (Photo: Reuters/Kacper Pempel)
15 Dec 2020 12:59PM (Updated:
15 Dec 2020 01:26PM) Share this content
Bookmark
SINGAPORE: About US$4 million of illicit funds linked to a Canadian group that sold encrypted devices to drug traffickers in multiple countries have been seized in Singapore, said the United States Department of Justice on Monday (Dec 14).
The funds were seized from four bank accounts by the Commercial Affairs Department of the Singapore Police Force and US authorities. Those funds, totalling US$3,971,468.40, have now been repatriated to the US, said the justice department in a media release.