On 11 July 2025, Rian Bin Rahim (“Rian”), aged 25, was charged in court with the following offences:
- One count of entering into an arrangement to assist another person to retain benefits from criminal conduct under Section 51(1)(a) of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992 (“CDSA”);
- One count of relinquishing his Singpass credentials for an unlawful purpose, under Section 8(1)(b) of the Computer Misuse Act 1993 (“CMA”);
- One count of failing to exercise reasonable diligence as a director under Section 157(1) of the Companies Act 1967 (“CA”); and
- Two counts of extortion under Section 384 Penal Code 1871 (“PC”)
In December 2022, the Police received a report informing that between June and July 2022, an overseas company had transferred approximately EUR 4.22 million to a bank account of Neptun International Pte Ltd (“Neptun”) as a result of a business email impersonation scam. Rian was the director of Neptun during the material period.
Investigations revealed that Rian allegedly agreed to incorporate Neptun on behalf of an unknown individual, purportedly to import goods into Singapore. After incorporating Neptun, Rian allegedly disclosed his Singpass credentials to the individual, who used the credentials to open a corporate bank account in Neptun’s name. The bank account was subsequently used to receive the above-mentioned EUR 4.22 million. Rian is charged with knowingly and without authority disclosing his Singpass log-in credentials for an unlawful purpose under Section 8(1)(b) of the CMA, and also for entering into an arrangement to assist another person to retain benefits from criminal conduct under Section 51(1)(a) of the CDSA.
Further to the above, Rian also faces a charge of failing to exercise any reasonable diligence as a director of Neptun by failing to exercise any supervision over the affairs of Neptun under Section 157(1) of the CA. He also faces two charges of extortion in relation to a separate case, for threatening to publish compromising materials of a victim if he was not given monies from the victim, and thereby obtaining monies from the victim.
The offence of assisting another person to retain benefits from criminal conduct under Section 51(1)(a) of the CDSA carries an imprisonment term of up to 10 years, a fine of up to $500,000, or both. The offence of unauthorised disclosure of access code for any unlawful purpose under Section 8(1)(b) of the CMA carries an imprisonment term of up to three years, a fine of up to $10,000, or both. The offence of failure to exercise reasonable diligence in the discharge of duties as a director under Section 157(1) of the CA carries an imprisonment term of up to 12 months or a fine of up to $5,000. The offence of extortion under Section 384 of the Penal Code 1871 carries an imprisonment term of not less than two years and not more than seven years, and with caning.
Scams, such as those perpetrated online and/or from overseas, are a major crime concern. Singapore takes a serious view on scams and related money laundering activities, and perpetrators will be dealt with in accordance with the law. The Police would like to remind members of the public that individuals will be held accountable if they allow their personal or company bank accounts to be used to receive and launder criminal proceeds.
SINGAPORE POLICE FORCE
11 July 2025 @ 11:30 AM