SINGAPORE: Two co-founders of Fullerton Healthcare Corporation (FHC) were fined a total of S$160,000 on Friday (July 10) over falsified entertainment claims linked to more than S$211,000.<\/p>\n
However, Daniel Chan Pai Sheng and Michael Tan Kim Song, both 52-year-old doctors, did not enjoy financial gains from the offences.<\/p>\n
Instead, the more than $211,000 was intended for Collin Chiew, 58, whose case is pending, court documents stated.<\/p>\n
The documents did not disclose if Chiew, who was the chief executive of insurance broker Aon Singapore between January 2015 and July 2018, received the amount.<\/p>\n
Tan and Chan pleaded guilty to their offences on July 8.<\/p>\n
Chan was fined $135,000 on July 10 after he pleaded guilty to five counts of falsification of accounts.<\/p>\n
The falsified claims amounted to over $336,000, even though the actual expenses were about $125,000. This means the inflated sum was over $211,000.<\/p>\n
Tan was fined $25,000 on July 10 after he pleaded guilty to one count of falsification of accounts, which was linked to one of Chan\u2019s charges.<\/p>\n
The false claim was around $82,000, but the actual expenses amounted to over $42,000, resulting in an inflated sum of nearly $40,000.<\/p>\n
The sum formed part of the more than $211,000 in falsified claims involving Chan.<\/p>\n
The two men were earlier accused of multiple graft-related offences.<\/p>\n
However, the prosecution applied for a discharge not amounting to an acquittal for all of their graft charges, citing \u201cprosecutorial discretion\u201d.<\/p>\n
District Judge Paul Quan granted the application on July 10.<\/p>\n
Those given such a discharge can still be prosecuted for the offences if relevant information or evidence were to emerge later.<\/p>\n
In August 2025, a third co-founder of FHC, David Sin, 47, pleaded guilty to six counts of falsification of accounts and was fined $160,000.<\/p>\n
In an earlier statement, the Corrupt Practices Investigation Bureau said that Tan was also a director at Fullerton Healthcare Group (FHG), while Chan was the president of Fullerton Health China. Both companies were subsidiaries of FHC.<\/p>\n
The two men no longer hold their respective positions in the companies.<\/p>\n
Deputy public prosecutors Jonathan Tan and Ashley Chin stated in court documents that FHC was in the business of investment holding.<\/p>\n
In 2010, Tan and Chan co-founded FHG, which provided healthcare services through a network of doctors and specialists. It also helped clients process insurance claims.<\/p>\n
Around 2012, Tan and Chan were looking for business leads when they were introduced to Chiew.<\/p>\n
The DPPs said that in 2015, Chiew asked Chan for financial assistance as he needed money for his children and house.<\/p>\n
Chan then told Tan about Chiew\u2019s request, added the prosecutors.<\/p>\n
From 2015, Chan would go to Hong Kong for work trips about twice a month to help with FHC\u2019s business there.<\/p>\n
Before travelling, he would tell Sin that he needed inflated or false KTV receipts, which another man, Tei Chu Pink, 46, would prepare.<\/p>\n
During these trips, Chan would join Sin and Tei at KTVs and meet potential investors, before collecting the inflated receipts from Tei.<\/p>\n
The DPPs said: \u201cOn some occasions, (Chan) would make payments of lesser amounts at the… KTVs using his own cash or credit cards. On other occasions, (he) would not make any payments.\u201d<\/p>\n
After returning to Singapore, Chan would arrange for the receipts to be handed to \u201crelevant persons\u201d in FHC or Fullerton Health China.<\/p>\n
These individuals would then arrange for them to be processed.<\/p>\n
A number of these claims were made with Tan\u2019s knowledge. They were used to obtain funds from FHC to provide financial assistance to Chiew, the court heard.<\/p>\n
In one instance in 2016, Tan, Chan and Sin engaged in a conspiracy to falsify an entertainment claim.<\/p>\n
On or about Dec 7 that year, Chan submitted receipts to relevant persons in FHC to process a claim of about $82,000 in his name.<\/p>\n
Investigations, however, revealed that he had incurred 200,000 yuan \u2013 or more than $42,000 as stated in the court documents \u2013 in expenses, and that the KTV receipts he submitted were inflated.<\/p>\n
This resulted in a falsified amount of nearly $40,000.<\/p>\n
Chan and Tan approved an expense claim form linked to the case by signing on it.<\/p>\n
In 2018, the two doctors and Sin agreed to claim certain business expenses from FHC, which would be paid from Fullerton Health China\u2019s accounts by using inflated entertainment invoices.<\/p>\n
The DPPs said: \u201cThe understanding (the trio) had was that the payments were for \u2018consultancy services\u2019 provided by Chiew to FHC.\u201d<\/p>\n
Chan went on to commit similar offences involving false entertainment claims on four occasions in 2019.<\/p>\n
Chan was represented by lawyer Navin Thevar, who told the court that his client had acted on Sin\u2019s instructions.<\/p>\n
Lawyers Manoj Nandwani and Sameer Melber represented Tan.<\/p>\n
They told the court that his offence was a one-off occasion, and that he had acted out of character. – The Straits Times\/ANN<\/p>\n
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SINGAPORE: Two co-founders of Fullerton Healthcare Corporation (FHC) were fined a total of S$160,000 on Friday (July 10) over falsified entertainment claims linked to more…<\/p>\n","protected":false},"author":1,"featured_media":67917,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[2611],"tags":[],"class_list":["post-67916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buzz-headlines","wpcat-2611-id"],"_links":{"self":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/67916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=67916"}],"version-history":[{"count":0,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/67916\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/media\/67917"}],"wp:attachment":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}