SINGAPORE - A senior executive from a medical equipment manufacturer conspired with three men to dupe the firm into paying more than $7.5 million in deals that led to $877,000 in losses.
The case involving his then colleague Seow Hock Siew, who he reported to, is still pending. Seow was then the director of the firm’s IT department.At the time of the offences, Tan was a director at electronic payment company Ubiqpay, while Chew was a director at JCS Consultancy which deals with IT-related matters.
“The profit was derived through Tan and Chew marking up the amounts in the quotations they submitted to Biosensors in Ubiqpay’s and JCS’s names.”
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