2 SLA officers probed for $11.8m fraud
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Ex-swim teacher probed
HE QUIT his swimming instructor job to explore other 'business options'.
Ho Yen Teck, 31, went on to set up at least seven shell corporations which allegedly received payments from former Singapore Land Authority officer Koh Seah Wee, who is accused of cheating the Government of $11.8 million.
-- ST
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Originally posted by QX179R:
Ex-swim teacher probed
HE QUIT his swimming instructor job to explore other 'business options'.
Ho Yen Teck, 31, went on to set up at least seven shell corporations which allegedly received payments from former Singapore Land Authority officer Koh Seah Wee, who is accused of cheating the Government of $11.8 million.
-- ST
Everybody wants to be a millionaire.
Fast.
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Originally posted by ditzy:
That's why he registered it under his wife's name. How often do you get $1.55M to purchase a sports car?
The article did not mention he registered it under his wife's name
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More will get dig out soon...wow..that's interesting.
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elections coming so PAP will roast these clowns...............
also damn stupid to buy traceable and depreciating things like sports cars............
should buy 2nd hand hi-end watches and gold coins and bars mah................hide them somewhere so after come out of jail still got money what..............
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Some of the comments are worth reading.
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Duo in SLA scam charged
TWO more men in the $11.8 million Singapore Land Authority fraud case were brought to court on Wednesday.
Lim Chai Meng, 37, a former manager of SLA's Technology and Infrastructure department, and Ho Yen Teck, 31, a former swimming instructor, were charged with conspiring with Koh Seah Wee to cheat the SLA into believing that invoices they rendered for fictitious IT maintenance services and goods were genuine.
The alleged offences took place between January 2008 and March this year. Lim faces 237 counts which are the same as Koh's while Ho was charged with 195 counts of cheating.
Koh, 39 and former deputy director of TID, made news last week when more charges of how he spent the spoils were brought against him.
Koh, who faces a total of 249 charges, is said to have bought expensive cars and condominiums such as a $1.56 million Lamborghini registered in his wife's name, and a $900,000 unit at Axis@Siglap. He also invested in financial products and bought AIG shares.
Lim, represented by Mr Subhas Anandan and Mr Sunil Sudheesan, was remanded for a week. Ho, who has no lawyer, was offered bail of $100,000. His case has been fixed for a pre-trial conference on Oct 19. If convicted of cheating, Lim and Ho can be jailed for up to 10 years and fined on each charge.
-- ST
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see lah pay low so i have to cheat lor. you know those type of organization with too many floor traps around 1 sure got this tupe of unhealthy ethics.
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What is the internal auditor doing? Sleeping?
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Originally posted by likeyou:
What is the internal auditor doing? Sleeping?
All collect salary every month but do no work?
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Originally posted by charlize:
All collect salary every month but do no work?
haha...all high paid salary...dont mess with the govt. -
Ermmm....an audit is not a 100%.
Frauds can still occur because auditors only do sampling and not go through all the entries and documentation.
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Originally posted by βÎτά:
Ermmm....an audit is not a 100%.
Frauds can still occur because auditors only do sampling and not go through all the entries and documentation.
Even external auditors are the same? -
lol
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Originally posted by likeyou:
Even external auditors are the same?External auditors can really get under your skin.
They nit pick on almost every little small detail even after you have explained to them a few times.
Their favourite words are "Why?" and "Can I see those files please?"
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The fraud was discovered by a person who took over the duties.
Imagine, what if the new person was afraid of blowing the whistle - the crime could never have been discovered.
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Originally posted by 4sg:
The fraud was discovered by a person who took over the duties.
Imagine, what if the new person was afraid of blowing the whistle - the crime could never have been discovered.
Whistle blowing like this can score a lot of brownie points.
It means he was vigilant and attentive to what was going on in his department.
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Originally posted by charlize:
Whistle blowing like this can score a lot of brownie points.
It means he was vigilant and attentive to what was going on in his department.
Maybe, maybe not.Not sure if you ever worked in the civil service sector. Ppl there very good at covering backside.
I think the guy who discovered the fraud must be thinking hard and fast whether blowing or not blowing the whislte cover his backside best.
No joking matter if one's rice bowl is at stake.
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Originally posted by 4sg:
Maybe, maybe not.Not sure if you ever worked in the civil service sector. Ppl there very good at covering backside.
I think the guy who discovered the fraud must be think hard and fast whether blowing or not blowing the whislte cover his backside best.
No joking matter if one's rice bowl is at stake.
If it was just a few thousands, he could probably have closed one eye and blamed the predecessor if audited.
But it involved millions.
Nobody's arse is that big to be able to cover those millions.
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Originally posted by charlize:
If it was just a few thousands, he could probably have closed one eye and blamed the predecessor if audited.
But it involved millions.
Nobody's arse is that big to be able to cover those millions.
I think he didn't discovered the fraud himself.
I believe he discovered something amiss somewhere with the accounts.
It was the investigators who uncovered the missing millions.
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Originally posted by 4sg:
I think he didn't discovered the fraud himself.
I believe he discovered something amiss somewhere with the accounts.
It was the investigators who uncovered the missing millions.
At least he tried doing some work and not just collect his monthly salary just like that.
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Originally posted by charlize:
At least he tried doing some work and not just collect his monthly salary just like that.
good for him and ultimately good for sg.but there is culture there, real or imagine, that if one blows the whistle and case not proven, later the cake is passed back for him to eat
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Originally posted by 4sg:
good for him and ultimately good for sg.but there is culture there, real or imagine, that if one blows the whistle and case not proven, later the cake is passed back for him to eat
Greed.
It's everywhere.