Indian jailed in S'pore for duping employer into paying over Rs 31 cr
Darpan News Desk IANS, 26 May, 2023 11:22 AM
ingapore, May 26 (IANS) An Indian national has been sentenced in Singapore to 30 months in prison for duping his employer into making payments totalling over SG$5.1 million (Rs 31 crore) to other companies linked to him, a media report said.
Hussain Naina Mohamed, a 47-year-old assistant shipping manager at a construction firm, pleaded guilty on Thursday to nine counts of cheating involving more than SG$$2.5 million and one count of moving a portion of his ill-gotten gains out of Singapore, The Straits Times reported.
During the sentencing, 16 other charges, including those involving the remaining amount, were also considered.
Hussian told investigators that he had sent the money to India to help cover his parents' household expenses.
The payments took place between 2009 and 2019, causing at least SG$500,000 in losses to Utracon Corporation where Hussain worked until January 2019.
Hussain, whose responsibilities included making vendor recommendations to his superiors, also did not inform his employer that he was a partner at a company called Al Rahman Enterprises & Trading (Aret).
Instead, he recommended Aret as well as his father's firm to be his employer's vendor for marine insurance, freight-forwarding services, and plastic components.
The prosecution told the court that Utracon would not have awarded jobs to these firms had it known about the conflict of interest.
The companies recommended by Hussain did provide services to Utracon as its vendors, which resulted in a financial loss of at least SG$500,000 to Utracon as a result of the cheating.
Hussain admitted in the court that he had set up the firm solely to earn some cash from Utracon, and due to his dishonesty, Utracon ended up paying SG$705,000 to Aret.
In addition, Utracon was induced to award jobs to his father's firm, and ended up paying more than SG$1.4 million to it.
In 2011, he entered into an illicit agreement for Indus Global Line (IGL) to submit inflated quotations to Utracon for freight-forwarding services due to which Utracon was cheated of SG$375,000, The Straits Times reported.
On six occasions between May 2014 and November 2017, Hussain amassed SG$142,000 from his ill-gotten gains by methods that included engaging the services of local remittance agents.
White House officials say the shortfall will soon make it harder to access the vaccines, booster shots, tests and drug therapies that have become vital tools in the fight against COVID-19.
So far the Russian troops have taken over the closed nuclear power plant at Chernobyl and the active nuclear power plant Zaporizhzhia, situated on the banks of the Dnieper River, in the city of Enerhodar.
According to the officials in the Indian mission, Vysne Nemecke is a small village on the Slovakia- Ukraine border and opposite Ukraine's Uzhhorod city. From here, the evacuated Indians are transported to the regional capital, Kosice, from where the Indian flights under 'Operation Ganga' are being operated.
The shooting came less than a week after a shooting at a Las Vegas hookah bar killed one person and wounded 13. That shooting last Saturday was described as an exchange of gunfire involving people at a private party. Police have arrested one suspect.
The meeting is set to culminate in a vote Friday on whether to set up a three-person expert panel. The vote by the 47-member-state body, which counts Ukraine and Russia as members, offers a bellwether of international sentiment about the Kremlin's invasion.
The Nasdaq fell 1.6% as technology companies led the way lower. Less risky sectors like utilities gained ground. Major indexes had rallied a day earlier after Federal Reserve Chair Jerome Powell said he favored a modest interest rate increase at the Fed’s policy meeting in two weeks.
