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Director of 186 companies gets fined after scammers used one firm to launder $3 2m

SINGAPORE - A jobless Singaporean who became nominee director of 186 companies here was on Wednesday (Sept 27) fined for failing to exercise reasonable diligence in his duty as director, the second person in three days to be taken to task for the offence. Singaporean Er Beng Hwa got to know a Chinese national in 2020 during the Covid-19 pandemic,.

Jobless S porean was director of 186 companies; scammers used one firm to launder $3 2m

Er Beng Hwa was fined $4,000 for failing to exercise reasonable diligence in his duty as a company director. Read more at straitstimes.com.

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