They received a jail sentence of between nine months and 16 months.
Investigations by the Commercial Affairs Department revealed that Tan, Singh and Poo conspired to falsify the company’s statements for the financial year that ended on Dec 31, 2015, by recording a fictitious sale worth US$3.2 million to Taiwanese manufacturing firm Unimicron Technology.raised concerns about the purported sale and requested supporting documents, the trio decided to inform EY that Colite Technology, not Unimicron, was the counterparty to the fictitious sale.
They also prepared a document setting out a false chronology of events relating to the fictitious sale. "To lend credence to the false chronology of events, Foo further instigated an employee to create a false tax invoice and delivery order reflecting that a sale was made to Colite," said the police. The prosecution said the offences affect the integrity of the financial markets, involve an abuse of authority, and were planned and premeditated.“When asked to assist to cover up a fraud, he should have declined and reported the matter to the authorities," it added.
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