Director of 186 firms fined after one company was used to launder US$2.36 million in scam proceeds
The jobless man agreed to be the director in name for dozens of companies in exchange for a fee.
Source: channelnewsasia.com
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Director of 186 companies gets fined after scammers used one firm to launder $3.2m
SINGAPORE - A jobless Singaporean who became nominee director of 186 companies here was on Wednesday (Sept 27) fined for failing to exercise reasonable diligence in his duty as director, the second person in three days to be taken to task for the offence. Singaporean Er Beng Hwa got to know a Chinese national in 2020 during the Covid-19 pandemic,...
Source: asiaone.com