SINGAPORE – A woman allegedly linked to transnational scam syndicate Prince Holding Group was on Nov 6 charged with attempting to cheat and instigating another person to falsify accounts.
Chen Xiuling, 44, who is a Singaporean and had a warrant of arrest issued against her, was arrested at Changi Airport on Nov 5.
Court documents did not say from which country she had flown in from.
On Nov 5, the police said in a statement that she was a director of several Singapore-registered companies believed to be linked to Chen Zhi, the founder and chairman of Prince Holding Group, including Skyline Investment Management and Capital Zone Warehousing.
In September 2022, Skyline allegedly submitted a business plan and a false agreement to JTC Corporation for approval to take over the lease of a property.
Chen Xiuling is believed to have instigated an officer of Capital Zone Warehousing to falsify the agreement with the intention to defraud.
She allegedly instructed Quen Kok Hui to falsify a “cigar investment agreement” purportedly between the firm and another company called Cars and Coffee Gem, dated Sept 5, 2022.
The agreement is said to have falsely stated that Cars and Coffee Gem would invest $23 million over three years with Capital Zone Warehousing to purchase cigars.
They were to be stored and sold by Capital Zone Warehousing on Cars and Coffee Gem’s behalf.
Read Full Article At Source
