Shanghai-born Singaporean listed as director, secretary and shareholder in 185 companies

An earlier report indicated that a Shanghai-born Singaporean, J.J a Bedok resident was listed as director, secretary and shareholder in 185 companies, including nine linked to three of the accused.

J.J, who operates a firm providing secretarial services, has previously held positions as director, secretary, or shareholder in an astounding 224 companies spanning various industries, including investment, technology, consultancy, and pharmaceutical trade.

However, J.J is not the sole person doing so.

Serangoon resident earns S$50 per firm set up; involved in over 200 companies

As per ST a Serangoon resident Amy Chin has reportedly assisted in registering firms for at least three associates of the arrestees. Business records revealed her involvement as a shareholder or director in over 200 companies.

These associates include Wu Qin, whose husband, Su Haijin, faces charges of money laundering and resisting arrest in Singapore, allegedly possessing funds believed to be proceeds from unlawful remote gambling activities.

Ms Chin was previously listed as a director in Culbert Management, which was set up by Ms Wu.

Mr Jackson Lim, a Corporate service provider Grof, and another Singaporean – identified as J.J. in a previous report – were also listed as company secretaries.

Ms Chin, a Singaporean herself, is associated with companies set up by Ms Su Caihuang, the wife of accused Wang Dehai, and Wang Qiujiao, whose registered address is a condo unit at New Futura, the same unit acquired by Chen Qingyuan in 2018.

Chen was among the ten individuals arrested in the CAD operation, and Wang Qiujiao was named in MinLaw’s list.

Ms Chin stated she had never met any of the individuals behind the companies and that most discussions were conducted over WhatsApp. She admitted to not conducting due diligence and that she was involved only nominally, having no part in the operational aspects.

She stated that she has no memory of how she became connected with the companies and admitted to not conducting any checks on them. “I earned around S$50 for each firm I helped set up. To me, it was good money,” she said.

Although she claimed to have terminated her roles in the companies in late 2022, business records reveal that she remains a director in three companies in Singapore while currently working in an administrative role at a catering company.

Tan See Leng: Suspects granted EP as they met Work Pass criteria

It is also worth noting that the Ministry of Manpower has revealed that all the ten suspects in the high-profile case held Employment (EP) and Dependant Passes (DP).

For instance, Wang Baosen, a 31-year-old Chinese national and one of the ten arrested had orchestrated the establishment of his wife’s company to secure her an EP in the country.

In response to questions filed by Members of Parliament, the Second Minister for Home Affairs, Mrs Josephine Teo on 3 October explained in her Ministerial Statement that work pass applicants are screened against a database of blacklisted individuals.

At the time, none of the ten suspects appeared on Interpol’s red notice list when they applied for these passes.

Dr Tan See Leng, Singapore’s Minister of Manpower, revealed that these Employment Pass applications were approved because they met the then prevailing work pass requirements on salary and qualifications.

He noted, “When asked for proof of business operations and the ability to pay salaries, the companies which submitted the applications were able to provide supporting documents.”

Easy access for accused in S$2.8 billion case to register a shell company in Singapore