Jail and fine for Singaporean who laundered fraudulent VAT refunds from the UK

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Jail and fine for Singaporean who laundered fraudulent VAT refunds from the UK
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A total of four men have been charged in relation to the fraudulent scheme. Read more at straitstimes.com.

SINGAPORE – A Singaporean man has been convicted for engaging in a conspiracy to launder fraudulent value-added tax refunds from the United Kingdom.

The probe began after Singapore Customs received information of an unsuccessful attempt to make VAT refund claims in another European country. Yeo has since been convicted, including for engaging in a conspiracy with Joesz to launder fraudulent VAT refunds. On April 14, he was sentenced to eight months in jail.

He added: “I would like to thank the HM Revenue and Customs for their strong commitment to work with us to disrupt this transnational syndicate. The Singapore Police Force and Singapore Customs are resolute in our enforcement and investigation efforts against such criminal activities.”

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