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Posts Tagged ‘fraud’

Scandal causes sharp drop in Ren Ci donations

Posted by jtsmyth8 on July 18, 2008

Donations to Ren Ci Hospital and Medicare Centre have plunged.

It collected just $1.1 million in the last seven months, down from the $9.3 million that came in over the same period last year.

The beating to the Buddhist medical charity’s coffers comes from the cancellation of its televised charity show, which used to bring in $6 to $7 million; it has also lost its Institute of Public Character (IPC) status, which let it grant tax exemptions to donors.

Its fund-raising activities skidded to a halt last November, when the Health Ministry ordered a probe into its books and suspended its IPC status.

On Tuesday, its former chief executive officer Ming Yi was charged with forgery, helping to falsify its accounts and defrauding the charity to the tune of about $300,000. (story)

Posted in Financial, health, news, singapore | Tagged: , , , , , , , , , , , | 2 Comments »

Kidnap scam foiled

Posted by jtsmyth8 on May 2, 2008

Desperately pressing a cellphone to her ear and looking confused, Madam Koh Eng Pien, 73, attracted the attention of the staff at a Maybank branch in Ang Mo Kio last month.

Employees suspected something was amiss when she insisted on transferring $2,000 to a bank account in Malaysia.

‘She was having difficulty writing down the name and account number of the recipient,’ said assistant service manager Mr Alex Wong, 28, recently. ‘I could also hear someone shouting at her through her cellphone.’

She initially claimed the money was for a friend, but later admitted it was ransom for her kidnapped son.

Bank staff told her that it was probably a scam and advised her to call her relatives. When she did, Madam Koh found out that her 40-year-old son, a coffee-shop supervisor, was at work. (story)

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David Rasif’s legal troubles piling up

Posted by jtsmyth8 on January 28, 2008

The high Court on Monday issued a warrant of arrest against a friend of David Rasif who had helped the fugitive lawyer move $985,000 to Vietnam.The development came at the end of a hearing into a multi-million dollar civil suit brought by an American couple to recover some of the $10.7 million they had entrusted to Rasif’s firm to buy a house.

Rasif, last seen in Bangkok in June 2006, is a wanted man after absconding with $12 million in clients’ funds.

The defendants include a high-end jewellery store where Rasif went on a $2 million shopping spree as well as pub owner Freddy Lim Soon Kiang, his long-time friend. When the trial began in June last year, the court heard that Mr Lim had opened a bank account in Ho Chi Minh City.

He helped Rasif move US$620,000 – the equivalent of S$985,180 at the time – from the clients’ account of his law firm to the Vietnam account. (story)

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UN demotes Singapore official

Posted by jtsmyth8 on October 19, 2007

After 21 months of being investigated for fraud and corruption, United Nations Assistant Secretary-General Andrew Toh, who is Singaporean, has this week been demoted to director and denied two months of his salary.

The rub is that UN Secretary-General Ban Ki-Moon is punishing him thus although two UN administrative tribunals have unequivocally cleared him of any such wrongdoing.

Sources said a demotion at the UN is very rare, and those demoted must have done something grave like misjudged a situation, resulting in the UN losing millions of dollars.

(more)

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