Try GOLD - Free
Man to be charged over GST fraud involving $252m in fake sale of items
The Straits Times
|April 09, 2024
A 45-year-old man, who is suspected of carrying out goods and services tax (GST) fraud involving the fake sale of items totalling more than $250 million, will be charged in court on April 9.
The police and Inland Revenue Authority of Singapore (Iras) said in a joint statement on April 8 that the alleged offences by the man - the sole director and shareholder of a Singapore-incorporated, GST-registered firm came to light after investigations by the Commercial Affairs Department and Iras.
Between October 2012 and June 2014, the man is alleged to have fraudulently traded high-value electronic goods totalling about $252 million through the company, before creating false invoices to support GST refund claims by exporters.
The man is believed to have also forged invoices from suppliers.
The man also faces charges over allegedly making false entries in the company's GST returns during the same period of time to evade GST amounting to more than $4.26 million.
This story is from the April 09, 2024 edition of The Straits Times.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Straits Times
The Straits Times
Confidence boost for Brazil as samba rocks Maracana
Coach Carlo Ancelotti hailed “a tremendous injection of confidence” on May 31 as Brazil sharpened their claws before the World Cup.
3 mins
June 02, 2026
The Straits Times
PANOVA HAS ALIBI TO AIM AT IN EAGLE FARM
Australasian Oaks winner in Group 1 double hunt to emulate trainer Moody’s boom filly
2 mins
June 02, 2026
The Straits Times
Zelensky seeks progress on peace talks by winter
Ukrainian President Volodymyr Zelensky, in an interview broadcast on May 31, said he wanted to press on with talks on securing peace with Russia before the onset of winter, to take into account Kyiv’s improved strategic position.
1 mins
June 02, 2026
The Straits Times
Senegal win helps US fans believe: Poch
Coach Mauricio Pochettino said the United States' impressive 3-2 friendly win over Senegal on May 31 can help the American public trust in the team ahead of the World Cup, while talisman Christian Pulisic said he hoped people will stop \"talking\" after ending his five-month scoring drought.
2 mins
June 02, 2026
The Straits Times
Iran suspends peace talks over Lebanon attacks
Report claims Iran and allies have discussed completely blocking the Strait of Hormuz
4 mins
June 02, 2026
The Straits Times
As Singapore ramps up psychiatric nursing home capacity, focus shifts to social care
Singapore is increasing its long-term mental health services capacity with the opening of a new psychiatric nursing home in May, a psychiatric rehabilitation home in July, and a second nursing home slated for 2029.
5 mins
June 02, 2026
The Straits Times
ROOM FOR THE HOLIDAYS
Book these family-friendly staycation deals for the school break
6 mins
June 02, 2026
The Straits Times
Robotic-hands firm Sharpa working with Nvidia, Unitree to roll out humanoid robots
These will let researchers train robot brains for tasks that need precise hand movements
3 mins
June 02, 2026
The Straits Times
PARISIANS BURN WITH PASSION IN THEIR CITY
Fans celebrate PSG’s Champs League title a day after clashes with police in Paris riots
3 mins
June 02, 2026
The Straits Times
China tightens investment rules with eye on security
China strengthened oversight of outbound investment through a new directive, tightening cross-border capital flows as its technology rivalry with the United States intensifies.
1 min
June 02, 2026
Listen
Translate
Change font size