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These three companies, along with Luxuriate Your Life, also face fraud offences, which is the first instance of corporate entities being prosecuted in relation to these investigations, police said on Wednesday.<\/span><\/p>\n The new fraud charges allege that Wei, Lim and Woon engaged in a conspiracy to commit fraud relating to the purchase of servers from three suppliers: Dell, Super Micro Computer, and Asus.\u00a0<\/span><\/p>\n The charges assert that between November 2023 and February 2025, the trio falsely represented in communications to these suppliers that one of the Aperia Group companies would be the end-user of the servers.<\/span><\/p>\n Lim and Woon were each handed seven new charges, while Wei will face seven new charges on Jul 6.<\/span><\/p>\n Given that the representations were made by Wei, Lim and Woon in their capacities as key officers of the Aperia Group companies, the companies will also be facing a total of eight charges of fraud by false representation on Jul 6.<\/span><\/p>\n Lim and Woon have also been handed fresh money laundering charges for each acquiring about S$1.2 million in their personal bank accounts, which in part represents benefits from criminal conduct amounting to about S$1 million.<\/span><\/p>\n Wei will be facing one new count of money laundering charges on Jul 6 for converting property of about S$55 million, representing in part benefits from criminal conduct amounting to around S$38 million for the purchase of a GCB.\u00a0<\/span><\/p>\n The new fraud charge against Li is for committing fraud in communications with Super Micro in November 2023, where he is alleged to have falsely represented that he was an employee of Luxuriate Your Life.<\/span><\/p>\n As the representations were made by Li in his capacity as the controller of Luxuriate Your Life, the company faces two charges for fraud by false representation.<\/span><\/p>\n Li also faces two new charges: one count for being a knowing party of the carrying on of Luxuriate Your Life\u2019s business in Singapore for a fraudulent purpose, and another for abetting the director of another company to omit exercising reasonable diligence in the discharge of his duties as the company\u2019s director.<\/span><\/p>\n If convicted of fraud, all four accused may face up to 20 years\u2019 jail or a fine, or both.<\/span><\/p>\n If convicted of money laundering, Wei, Woon and Lim may face a jail term of up to 10 years, a fine of up to S$500,000 or both.<\/span><\/p>\n If convicted of being a knowing party to the carrying on of a business for a fraudulent purpose, Li faces up to seven years\u2019 jail, a fine of up to S$15,000 or both.<\/span><\/p>\n For abetting another person to secure access without authority to a bank account held by another company, Li faces up to two years\u2019 jail, a fine of up to S$5,000 or both.<\/span><\/p>\n For abetting the director of another company to omit to exercise reasonable diligence in the discharge of his duties as that company\u2019s director, Li may face a jail term of up to 12 months, a fine of up to S$5,000 and may be disqualified from acting as a director or taking part in the management of a company for up to five years.<\/span><\/p>\nCHARGES AGAINST LI AND LUXURIATE YOUR LIFE<\/span><\/h2>\n