One of the Indian convicts, a chartered accountant, set up Singapore-incorporated companies whose accounts were used for receiving scam proceeds. The other Indian convict was paid to be listed as a ‘director’ of these companies but without any due diligence responsibilities.
Tag: Business
Singapore-based hospitality brand Ascott ties up with Chelsea FC as part of European market strategy
For Chelsea FC fans, the tie-up means the facility of booking customised stay packages, and also exclusive rewards if they sign up for the Ascott Star Rewards programme.
Temasek reports SGD 389 billion Net Portfolio Value in FY24, up by SGD 7 billion from FY23, based on RoI from US and India
One of the Indian companies that benefited from Temasek’s sustainability-oriented investments was the electric vehicle manufacturer Mahindra Electric Automobile.
Scooter enthusiasts experience Ather Energy’s Rizta in Kolkata which promises to be family-friendly
Ather showcases its family scooter Rizta in Kolkata.
Reserve Bank of India joins Project Nexus to enable instant cross-border retail payments
Reserve Bank of India recently joined Project Nexus
Unite calls off July 8 strike at Tata Steel UK plant in Port Talbot
Last week, Tata Steel UK had challenged Unite’s balloting process and had also said that a planned closure of blast furnaces was likely to be brought forward if the steelworkers’ strike did begin.
Tata Steel UK begins legal action against Unite strike, fears Port Talbot plant closure by July
On March 1 this year, Unite had begun “formal industrial action proceedings over Tata’s plans to close its Port Talbot blast furnaces and shed 2,800 jobs”.
US prosecutors recommend criminal charges against Boeing
US prosecutors recommend criminal charges against Boeing
Apple becomes first company to be charged with EU’s DMA rules
Technological giant Apple now charged with violating EU’s digital markets act rules
Singapore’s Money Laundering National Risk Assessment lists digital payments, online gambling among high-risk sectors
Banking is the highest-risk channel of money laundering in Singapore, as per the assessment.
