The Police have arrested two men aged 36 and 39 who are believed to be involved in a case of cheating in relation to a commercial crime involving more than S$1 million.
On 2 September 2017, at about 8 pm, the victim who was in France to close the sale of a vessel, discovered that the monies received as a deposit for the sale of a vessel were counterfeit notes. At the time of the transaction in France, two men were in Singapore to collect a sales commission for the sale of the vessel. When the victim discovered the fraud, he immediately informed his Singapore office to stop the sales commission. However, the two men in Singapore had left with the sales commission amounting to S$1.5 million. A police report was made.
Officers from Clementi Police Division worked quickly to establish the identities of the two men. Through close inter-agency cooperation and collaboration with ICA, the two men were subsequently arrested at Woodlands Checkpoint within 3 hours of the case being reported. More than S$400,000 was recovered from the two men.
The two men will be charged in Court on 4 September 2017 with the offence of Cheating with Common Intention, which is punishable with imprisonment for a term which may extend to 10 years, and shall also be liable to a fine.
SINGAPORE POLICE FORCE
03 September 2017 @ 10:00 PM