Man to be charged over GST fraud in Singapore involving fake sale of items amounting to over RM880mil

The man faces charges over allegedly making false entries in the company’s GST returns to evade GST amounting to more than S$4.26 million. - PHOTO: BT FILE

SINGAPORE (The Straits Times/ANN): A 45-year-old man, who is suspected of carrying out goods and services tax (GST) fraud involving the fake sale of items totalling more than $250 million (RM880 million), will be charged in court on Tuesday (April 9).

The police and Inland Revenue Authority of Singapore (Iras) said in a joint statement on April 8 that the alleged offences by the man – the sole director and shareholder of a Singapore-incorporated, GST-registered firm – came to light after investigations by the Commercial Affairs Department and Iras.