Singaporean jailed for joining illegal gambling syndicate & More Trending News


32-year-old Kiegan Tan Ming Ren was given 17 months in jail and a fine of S$60,000 for faking CPF contributions

32-year-old Kiegan Tan Ming Ren was given 17 months in jail and a superb of S$60,000 for faking CPF contributions (PHOTO: File Digital Trends)

SINGAPORE — A 32-year-old man was sentenced to 17 months’ jail and fined $60,000 on Wednesday (25 January) for joining a web based gambling syndicate and utilizing legal proceeds to pretend CPF contributions for a house mortgage.

CNA reported that Kiegan Tan Ming Ren had earlier pleaded responsible to 5 fees associated to the Remote Gambling Act and Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act. Another eight fees have been thought of throughout sentencing.

The court docket allowed Tan to start his jail time period on 6 February, and pay his superb by then.

Accepting position in an illegal distant gambling syndicate

CNA reported that Tan accepted a place in an illegal distant gambling syndicate, accumulating 4D and Toto bets for co-accused Tan Chee Seng.

He initially had an agent account on one of many illegal gambling web sites to seek out punters to position bets with. Later on, he had a grasp agent account, which gave him a credit score restrict of $5 million, in addition to better oversight and management over the syndicate reminiscent of coordinating brokers underneath him.

For his position, Tan was entitled to a ten per cent fee on all of the bets he acquired, plus 5 per cent on the profitable quantity if the guess was profitable.

Subsequently, he took a place in opposition to the bets acquired, which meant he may share within the income and losses as an alternative of merely accumulating fee.

Cash funds got to firms to falsely declare Tan as a workers

Tan additionally admitted to offences of transferring legal proceeds, reported CNA.

He had wished to safe a house mortgage from the Housing Board for his flat however wanted to point out he was gainfully employed and receiving a secure earnings.

To construct his credit standing, he determined to make money funds to firms that may falsely declare him as an worker and contribute to his CPF account.

Between August 2016 and November 2017, Tan paid an individual referred to as Lim Poh Kian 11 funds of $600 every, amounting to a complete of $6,600. Lim was a shareholder of an organization referred to as BKDL, and organized for a web based submission of CPF contributions to Tan as a purported worker of BKDL.

From March 2018 to June 2019, Tan additionally paid a complete of $17,824 in 16 funds of $1,114 to Tan Chee Seng, who organized for an affiliate of one other firm referred to as Revitalize Trading to contribute to Tan’s CPF financial savings.

Tan was arrested at Waterway Point in July 2019 as a part of an islandwide operation to nab 36 members of the illegal gambling syndicate.

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Singaporean jailed for joining illegal gambling syndicate

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Singaporean jailed for joining illegal gambling syndicate

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