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The Police will be charging a 34-year-old man in court on 4 February 2026 for his alleged involvement in falsification of accounts, fraud by false representation and forgery for the purpose of cheating offences. 

The man was a director and chief executive officer of Biofourmis Holdings Pte Ltd (“BHPL”) at the material time of the offences. Sometime between 18 August 2021 and 28 February 2022, he allegedly abetted by instigating his staff to falsify company invoices, which purported that Biofourmis Singapore Pte Ltd. had rendered services worth a total of US$16,491,375 to the Ministry of Health. 

Subsequently, between 28 March 2022 and 25 April 2022, he allegedly fraudulently made – and also abetted by instigating the making of – false representations concerning BHPL and its subsidiaries.

The man was also alleged to have forged an employee stock option plan offer letter for the purpose of cheating a bank in relation to an intended funds transfer.

If convicted, the man faces:

1. an imprisonment term of up to 10 years, or a fine, or both for each charge of abetting by instigating the falsification of accounts, under Section 477A read with Section 109 of the Penal Code 1871;
2. an imprisonment term of up to 20 years, or a fine, or both for each charge of fraud by false representation, under Section 424A(1)(a) of the Penal Code 1871, and each charge of abetting by instigating fraud by false representation under Section 424A(1)(a) read with Section 109 of the Penal Code 1871; and
3. an imprisonment term of up to 10 years, and shall also be liable to a fine for each charge of forgery for the purpose of cheating, under Section 468 of the Penal Code 1871.