SINGAPORE – Two people have been charged after they allegedly handled crime benefits, with one of them purportedly receiving nearly $200,000 in scam proceeds.
On Aug 5, Chng Teck Huat, 56, was charged with nine counts of possessing the ill-gotten gains in his bank accounts.
He is also accused of one count of failing to exercise reasonable diligence in carrying out his duties as a director of a company called JBJ & Rich Anahawk Oil Hedge Investment.
Yeo Chai Chun, 50, was charged with one count of rash money laundering after she allegedly transferred more than $8,000 from her bank account to another party’s account.
In a statement, police said that in August 2024, officers received a report that an unnamed overseas company had become a victim of an impersonation scam, in which instructions were made to transfer funds to bank accounts maintained by Chng and Yeo.
Investigations revealed that Chng had allegedly received nearly $200,000 in his personal bank accounts, including US$47,450 (S$60,800) from an unnamed overseas scam victim.
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