The following case is salient story about a Judgement against the acting director of Kassar Logistics and World Eastern International for his negligence in incorporating the companies despite evident fraudulent activity. INTRODUCTION The Judgement in Abdul Ghani bin Tahir v Public Prosecutor [2017] SGHC 125 Is especially relevant to nominee directors, proxy directors, company secretaries, […]

Last month Singapore revealed it had seized nearly $180 million in assets through its investigations into suspected fraud and money-laundering linked to 1MDB. Singapore will step up the fight against money-laundering with a newly created surveillance unit and data tracking, but private banks must take the lead, its chief financial regulator said Tuesday. Ravi Menon, […]

THE Singapore Court has sentenced two senior executives to prison for money laundering offences surrounding a community college project in Papua New Guinea. American citizen Thomas Philip Doehrman, 68, director of Quest Petroleum (Singapore), was sentenced to 70 months of jail time. Singaporean national Lim Ai Wah, Doehrman’s spouse and director of Questzone Offshore, was […]