Businessman jailed for scheming with staff member to cheat Singtel

Businessman jailed for scheming with staff member to cheat Singtel

SG Gazette·2018-03-05 13:33

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He had secured the tender for Singtel roadshows, then proceeded to inflate the invoices he sent to the telco.

Lee See Kiang had conspired with a senior Singtel staff member to deceive the company into paying more than they should for the promotional events used to sell prepaid phone cards to the public.

The additional funds from Singtel’s payments would be placed in the back account of Tranquil Trading, Lee’s business, for the use of the employee, Benjamin Wong Kai Sing.

45-year-old Lee was jailed seven months after he admitted to 11 charges of cheating and conspiring with Wong to cheat.

Wong, the deputy director of the Singtel Prepaid Channel sales department who later became the director, was the mastermind behind the plan. He had also discussed it with the officers of his department to have them cooperate.

He was dealt with and sentenced to seven months’ jail.

The two had hatched the plan back in September 2007, when they collaborated on a project to organise the public road shows. They did it with a senior manager of Singtel’s Post-Paid Channel Sales department, Vincent Goh Hock Meng.

Wong and Goh had promised Lee to invest in the project if Tranquil clinched the tender.

They had run road shows for Wong’s department between 2007 and 2010 before Singtel suspected irregularities in the awarding of contracts to the company and lodged a police report.

Investigations revealed that Wong’s department would be allocated budget for the next 12 months to organise road shows and boost sales, based on the previous year’s monthly expenditure.

Wong thought up a plan in 2008 that unused balance for the road shows would be parked in Tranquil instead of being returned to Singtel.

Tranquil would thus inflate the invoices so that the difference between the actual value and inflated value would be parked in Tranquil’s bank account. They overstated the price for various items in an invoice, or billed Singtel more than one invoice and overstated the value of everything.

The extra sum totalled to be around $690,000.

Wong’s profit was attributed to be around $578,000.

Lee’s lawyers said that that Lee used the excess funds in Tranquil to pay third party vendors for Singtel-related road shows. The mastermind behind the scheme was Wong, an insider.

However, District Judge Marvin Bay said such a stiff sentence was necessary to discourage similar offences.

Lee had his sentence deferred to 2 Apr. Goh was not charged.

(Image Credit/s: Gov.sg, DKSG, Ruislip Signs and Graphics)

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