Thomas Lee Zhixiong (GST evasion, false PIC claim and money laundering)
Offences
Thomas Lee Zhixiong, 41-year old former director of 6 companies, convicted of:
- Making false entries in the GST returns of 3 companies - Everasia Transportation and Warehousing Pte Ltd, Hup Heng Construction & Trading Pte Ltd and Sante De Beaute Ptd Ltd - resulting in $2.97 million of taxes undercharged
- Abetting Nourriture Pte Ltd in making incorrect GST returns without reasonable excuse resulting in $58,456 of taxes undercharged
- Submitting a false Productivity and Innovation Credit (PIC) claim to obtain a payout of $60,000
- Using illegally obtained GST refunds and PIC cash payouts for various business purposes, including legal expenses and supplier payments totalling $1,652,030
- Transferring illegally obtained GST refunds to multiple persons and entities for various business purposes, including employees’ salary and rental payments totalling $2,091,482
- Directly taking part in the management of Hup Heng, whilst an undischarged bankrupt and without the leave of the Court or the written permission of the Official Assignee
Court sentence
- 102 months' jail
- $9,271,912 in fines and penalties
Read media release.