Saturday, September 3, 2016

S’porean, American jailed for laundering S$4.9m

Latest: Corruption and Money Laundering.

S’porean, American jailed for laundering S$4.9m.


Reuters file photo
SINGAPORE — A couple has been jailed for their roles for disguising a US$3.6 million (S$4.9 million) “secret commission” payment for non-existent services rendered for a project to build community colleges in Papua New Guinea (PNG).
Thomas Philip Doehrman, an American, was sentenced to 70 months’ jail, while his wife Lim Ai Wah, a Singaporean, was sentenced to 60 months’ jail, in what the prosecution called a “very significant case in Singapore’s fight against corruption and money-laundering”.
Together with Li Weiming, a Chinese national, they billed Chinese telecommunications equipment giant ZTE Corporation US$3.6 million through a shell company for non-existent services.
The couple each pocketed at least US$950,000, while some of the monies also found their way to Li and former PNG prime minister Michael Thomas Somare — the latter purportedly received a 20 per cent cut.



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