Fullerton Healthcare co-founder who approved falsified claims fined $160k

He gave the nod despite knowing another co-founder had inflated sums by over $213k

- Shaffiq Alkhatib

One of the three co-founders of Fullerton Healthcare Corp (FHC) approved six expense claim forms submitted by another co-founder, which involved falsified sums totaling over $213,000.

David Sin, 46, approved the claims on multiple occasions in 2019, despite knowing that Daniel Chan Pai Sheng, 51, had submitted them with the intent to defraud FHC, according to court documents.

The prosecution, however, said that Sin did not enjoy financial gains or benefit personally from these offences.

On Aug 21, Sin pleaded guilty to six counts of falsification of accounts and was fined $160,000. The court heard that he will pay the amount in installments.

The third co-founder, Michael Tan Kim Song, 51, was not involved in these offences. All three men are Singaporeans.

Sin was earlier handed seven other charges for offences including graft.

Without revealing any details, Deputy Public Prosecutor Jonathan Tan made an application for him to be given a discharge amounting to an acquittal over these remaining charges. The court granted it on Aug 21. Individuals given such a discharge cannot be charged again over the same offences.