The Singapore Police Force (SPF) stated that a 56-year-old man will be charged in court for several offences, according to a news release on Sunday (25 Oct).
This includes his involvement in cheating, money laundering and unauthorised access to computer material offences.
SPF first received a report on 16 July 2025, alleging that a former employee had committed fraud against his company amounting to over S$2 million.
This had been ongoing for approximately six years.
After preliminary investigations, police discovered that the former employee exploited his position as a logistics manager and registered a sole proprietorship under his wife’s name.
His wife was unaware he had done so.
Source: Sora Shimazaki via Pexels
He subsequently submitted 128 fabricated invoices for logistics services that were never rendered.
As a result, the company suffered an estimated loss of more than S$2 million.
Further investigations revealed that the man used the proceeds from the fraud for his own personal investments and expenditure.
The ex-employee is set to be charged in court on 26 Oct for various criminal offences.
He faces one count of unauthorised access to computer material, under Section 3(2) of the Computer Misuse Act (CMA) 1993.
The offence is punished with a fine of up to S$50,000 or an imprisonment term not exceeding seven years, or both.
Source: MS News
The man also faces six counts of cheating under Section 420 of the Penal Code 1871 and Cap 224.
Cheating under Section 420 of the Penal Code carries a jail term of up to 10 years and a fine.
In addition, he is charged with six counts of money laundering.
Three counts fall under Section 54(5) of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act (CDSA) 1992.
Another three are classified under Section 47(6) of the CDSA, Cap 65A.
According to Section 54(5) of the Corruption, Drug Trafficking and Other Serious Crimes (CDSA), the offence of money laundering carries a fine of up to $500,000 or an imprisonment term not exceeding 10 years, or both.
In the press release, police reiterated that they have and will continue to take commercial fraud and financial crimes seriously.
Those who abuse their positions of trust to commit fraud and launder criminal proceeds will be dealt with severely in accordance with the law.
Also read: 27-year-old M’sian syndicate mastermind arrested for scam & money laundering operations in S’pore
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Featured image adapted from MS News (left) and Tima Miroshnichenko via Pexels (right).