Yeo Soon Teck Kelvin (GST Missing Trader Fraud Scheme)
Offences
Yeo Soon Teck Kelvin, a 42-year-old sole director and shareholder of Crescendo Hardware Trading Pte Ltd convicted of:
- Operating Crescendo Hardware Trading Pte Ltd and M_Solution Trading Pte Ltd to generate fictitious purchase orders and sales invoices to support Goods and Services Tax (GST) refund claims by exporters
The GST Missing Trader Fraud Scheme resulted in $2 million in fraudulent GST input claims paid out by IRAS.