SINGAPORE - Trek 2000 International's chairman emeritus and thumb drive inventor Henn Tan and three former and current officers were on Wednesday each slapped with three to 16 charges, including cheating and falsification of accounts.
The 63-year-old was alleged to have committed seven counts of falsification of entries including those pertaining to revenue and net profit in Trek 2000's FY2015 financial statements as well as recording fictitious sales and purchases respectively in 2013 and 2014. This included a conspiracy with then chief financial officer Gurcharan Singh between 2006 and 2011 to create false entries pertaining to licensing income of the group in Trek 2000's financial statements for those years.
Besides these, Tan has a charge of alleged forgery of invoices and delivery orders in 2013 to deceive E&Y into believing that the FY2014 financial statements were in regulatory compliance and induced the auditors to issue an unqualified opinion. The 63-year-old Singh faces a total of 16 charges similar to Tan's, while Foo and Poo have been charged with three and eight offences respectively.• For each charge of forgery for the purpose of cheating, imprisonment for a term which may extend to 10 years and a possible fine;
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