2 men arrested within 3 hours in relation to cheating case involving more than $1 million

Two men aged 36 and 39 have been arrested in connection to a case of cheating in relation to a commercial crime involving more than $1 million.

On Sep 2 at about 8pm, the victim who was in France to close the sale of a vessel, discovered that the monies received as a deposit for the sale of a vessel were counterfeit notes.

At the time of the transaction in France, two men were in Singapore to collect a sales commission for the sale of the vessel.

When the victim discovered the fraud, he immediately informed his Singapore office to stop the sales commission.

However, the two men in Singapore had left with the sales commission amounting to S$1.5 million.

A police report was then made.

Officers from Clementi Police Division worked quickly to establish the identities of the two men.

Through close inter-agency cooperation and collaboration with ICA, the two men were subsequently arrested at Woodlands Checkpoint within 3 hours of the case being reported.

More than S$400,000 was recovered from the two men.

The two men will be charged in court today (Sep 4) with the offence of Cheating with Common Intention, which is punishable with imprisonment for a term which may extend to 10 years, and shall also be liable to a fine.