S$278,200 missing from Singapore’s Hougang United Football Club, employee charged with CBT | Malay Mail

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S$278,200 missing from Singapore’s Hougang United Football Club, employee charged with CBT

Published on 26 February 2019 Hougang United Football Club has filed a police report against an employee after losing some S$250,000 from its coffers. ― TODAY pic SINGAPORE, Feb 26 — The Singapore Premier League kicked off on Saturday with the AIA Community Shield at the Jalan Besar Stadium, but already one of its clubs has found itself in the headlines for the wrong reasons.

for suspected misuse of club funds and a purported attempt by a senior club official to obstruct the completing of audits of the league’s sit-out clubs. and Hougang chairman Bill Ng and his wife Bonnie Wong, former FAS general secretary Winston Lee and former FAS president Zainudin Nordin were subsequently arrested. Details that emerged from the case also shocked members of the fraternity, as

was found to have earned S$37 million from its clubhouse operations while spending just S$169,000 on its football team. A subsequent Government crackdown on such facilities saw a fifth of the 82 clubs running jackpot machines affected by tightened regulations announced in July 2017. The new measures included: Reducing the quota for fruit machines, raising the minimum age for entry to jackpot rooms from 18 to 21 years old and limiting the operations hours of the facilities.

were among the clubs that did not meet that criteria. Responding to queries from TODAY, an MHA spokesperson said that all clubs with fruit machines are required to open and maintain a separate bank account for these revenues and maintain proper accounting records. “MHA has reminded clubs to ensure robust financial governance and internal controls in relation to fruit machine monies,” added the spokesperson.

 

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