Jail, fine for S’porean director of 980 firms for failing to fulfil his directorship duties

SINGAPORE: A Singaporean man who ran a business offering corporate services to clients mostly from China became the director of 980 companies.

On Dec 18, Xie Yong, 37, was sentenced to four weeks’ jail and fined $57,000 after he admitted to failing to exercise reasonable diligence in the proper discharge of his duties with two firms.