David SunThe Straits TimesJun 30, 2021

Two men exploited an option to make investments using Central Provident Fund (CPF) monies, withdrawing more than $32,000 in an illegal scheme over a period of more than two years.

Samuel Chen Zhihao, 37, and Raymond Wong Tuck Wai, 38, were fined on Wednesday (June 30) after they each pleaded guilty to two charges of fraud under the CPF Act.