Written by admin | September 4, 2017
SINGAPORE — Two foreigners were charged in court on Monday (Sept 4) with cheating a shipping firm of S$1.5 million through a plot that involved using counterfeit notes to buy a vessel.
Court documents showed that Frenchman David Weidmann, 36, and Romanian Iosif Kiss, 39, as well as several unknown individuals, had dishonestly induced Oceanic Group Pte Ltd’s founder and managing director Daniel Chui Mun Yew to authorise a commission of S$1.5 million in cash for the transaction.
According to the firm’s website, the shipping company specialises in cruise ships and has operations in Singapore, China and Hong Kong.
The police said on Sunday that the duo was arrested at the Woodlands Checkpoint last Saturday night, less than three hours after collecting the commission.
They were found to have had more than S$400,000 on them.
According to the police, the seller was in France to close the transaction for the vessel at around 8pm last Saturday when he discovered that the funds used as a deposit were counterfeit notes.
At that time, the two suspects were already in Singapore to collect the sales commission.
The victim had called his Singapore office to stop the payment of the sales commission, but was not in time to stop the two men leaving with the money.
Weidmann and Kiss have been remanded for another week to assist in further investigations.
They are due to appear in court next Monday.
If found guilty, the men can each be jailed up to 10 years and fined.
High Court says objecting creditors failed to prove that application was made in bad faith K.C. Vijayan Senior Law Correspondent…Read More
JUL 19, 2017, 2:08 PM SGT Elena Chong Court Correspondent SINGAPORE - A police officer used his own account or…Read More
Straits Times, 21 December 2017 By Jose Hong SINGAPORE - Can online shopping platform ezbuy take legal action against Alibaba Group,…Read More
Straits Times, NOV 26, 2017 by Jose Hong SINGAPORE - Ms April Cho wanted a new shot at life after 14…Read More
FEB 12, 2018, 7:21 PM SGT Elena Chong Court Correspondent SINGAPORE - A business owner of several tuition agencies made…Read More
JUN 26, 2018, 8:45 PM SGT Adrian Lim Transport Correspondent SINGAPORE - With bicycle-sharing operator oBike now in liquidation in…Read More
SINGAPORE - The wheels may have come off for bicycle-sharing operator oBike, which has shut down its operations here. However…Read More
It adds that bike-sharing firm must have concrete plan to refund customers their deposits Straits Times Zhaki Abdullah and Sue-Ann…Read More
Straits Times, 19 July 2018 By Zhaki Abdullah Bike-sharing firm oBike's two-wheelers continue to be cleared from the streets here,…Read More
15th April 2019 By: Cara Wong But relief may not be long-lasting, court orders can be contested. Fake news has…Read More