- Adi Djusman, a director of two companies, has been sentenced to jail and given a penalty for GST and money laundering offences.
- He fraudulently obtained about S$660,100 in GST returns by submitting fake invoices and listings.
- Adi was the sole director of Multi-Eka Trading and Sui Jaya.
- The two companies had not been conducting any business during the periods of refund claims.
- Adi transferred the fraudulent GST refunds overseas and used a portion of the money for his Central Provident Fund account.
- The case was uncovered by the Inland Revenue Authority of Singapore through regular compliance programmes and data analytics.
- Offenders who submit false GST returns can face up to seven years in jail, a fine, and a penalty of three times the amount of tax undercharged.
- Money laundering convictions can result in up to 10 years in prison and a fine.
Source: channelnewsasia.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
