Singapore Director of 980 Firms Jailed for Fraud Neglect: BT
- Xie Yong offered accounting, corporate services to clients
- Authorities looking into loopholes in incorporating companies
This article is for subscribers only.
A Singaporean director of 980 companies in the city-state was sentenced to four weeks in jail after some of the companies he supervised were discovered to be laundering money, the Business Times reported.
Xie Yong, 37, had offered accounting and corporate services to foreign clients — mostly from China — who wanted to incorporate companies in Singapore, according to the report Wednesday, citing a court hearing.