Former director of NTU subsidiaries on trial for cheating the university in case involving $231,000

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

SINGAPORE: A man who formerly headed three subsidiaries of Nanyang Technological University (NTU) is accused of cheating the school in a case ...

At the time of the offences, Cheng was a director of Infocom Technology at NTUitive, a director of business and operations at the Institute of Media Innovation and the chief executive officer of Technbiz Xccelerator .

According to the prosecution's opening statement at the trial, Cheng used different methods to carry out the offences.First, he approved IMI's awarding of contracts valued at S$18,000 and S$10,000 to the firm I-Knowhow, which his co-accused Louise Lai Pei Hsien headed as director. Cheng himself had control of I-Knowhow as he sourced for projects and business decisions for the firm.

Another way that Cheng allegedly cheated NTU was through his acquaintance, Fung Kwok Pan, who was the director of the company Voidworks. He then got Lu to transfer her monthly salary of S$3,500 for three months to a bank account that belonged to him.Cheng is accused of concealing these criminal proceeds by causing Lai, Lu and Fung to transfer the amounts to his bank account and by ensuring that the transfers were supported by documentation that concealed his wrongdoing.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NTU, ST Engineering launch Singapore's first barrier-free smart car parkSINGAPORE: Nanyang Technological University (NTU) and ST Engineering on Monday (Sep 14) said they have launched Singapore's first barrier-free ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

NTU, ST Engineering launch Singapore's first barrier-free smart car parkNANYANG Technological University (NTU) and ST Engineering have launched Singapore's first barrier-free smart car park, they said in a joint statement on Monday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Greg Kelly, former aide to Nissan chief Carlos Ghosn, goes on trial in JapanTOKYO (AFP) - The lengthy saga of ex-Nissan chief Carlos Ghosn takes a new turn next week when the auto titan-turned-fugitive's former assistant Greg Kelly goes on trial in Tokyo.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Greg Kelly, former aide to Nissan's Ghosn, goes on trialThe lengthy saga of ex-Nissan chief Carlos Ghosn takes a new turn next week when the auto titan-turned-fugitive's former assistant Greg Kelly goes ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Former Italian PM Berlusconi to leave hospital on Monday, party sources sayMILAN (REUTERS) - Former Italian Prime Minister Silvio Berlusconi will leave the Milan hospital where he was being treated after contracting the coronavirus two weeks ago, officials in his Forza Italia party said on Monday (Sept 14).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

'Shocking': Former prime ministers Blair, Major chide UK plan to breach international lawFormer prime ministers Tony Blair and John Major on Sunday said Britain must drop a 'shocking' plan to pass legislation that breaks its divorce ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »