Group of 3 men and 2 women scam whopping $40 million from government scheme SkillFuture

Group of 3 men and 2 women scam whopping $40 million from government scheme SkillFuture

The Independent·2017-12-20 09:05

3 men and 2 women, believed to be members of a criminal syndicate, were charged in court after they scammed government training grants scheme, SkillsFuture Singapore (SSG), of a whopping $40 million through fraudulent claims.

According to a SkillsFuture press statementreleased today, the suspects have been “charged with a series of offences. These include engaging in a conspiracy to submit forged documents to fraudulently obtain training subsidies from SSG, and to conceal the benefits from such criminal conduct.”

SkillsFuture also revealed that the suspects reportedly belong to “an organised network that utilised nine business entities, comprising employer companies and training providers, to submit the fraudulent claims. Close to $40 million has been paid out as a result. Police has seized substantial cash and frozen a number of bank accounts involved in the case.”

Singapore scam