SINGAPORE: On Thursday, October 5, a man was charged with two new offenses, one of which involved unlawfully trading an amount of more than S$ 24 million( US$ 18 million ) with his wife. The man had been accused of engaging in an multi-million buck luxury goods scam.
While his family, 28-year-old Thai national Siriwipa Pansuk, was handed 168 fresh charges, Singaporean Pi Jiapeng, 28, was charged with both false dealing and failing to exercise application in his duties as a producer of Tradeluxury. These include 166 charges of lying and two counts of false trading. & nbsp,
The same demand for false buying applies to both Pi and Pansuk. Both are alleged to have engaged in deliberately conducting tradenation company for a false purpose, which was to accept orders for luxury watches, between March 1, 2022, and June 19, 2021.
Even though they & nbsp knew Tradenation did not have” any reasonable expectation of fulfilling these orders given its financial condition ,” according to their charge sheets, they allegedly collected payments totaling S$ 24, 782, 798 from customers. & nbsp,
Pansuk is also accused of engaging in false trading. & nbsp, This charge claims that despite knowing that the company did not anticipate fulfilling these orders given its financial situation, she accepted orders for luxury bags and collected payments of S$ 946, 948 from Tradeluxury customers between March 9, 2022, and May 3, 2021. & nbsp,
Pansuk now faces 172 charges after initially having four expenses, including leaving Singapore without presenting her Thai card.
Pi is likewise charged with failing to perform his duties as Tradeluxury’s chairman with fair application. According to his command sheet, he reportedly failed to oversee Tradeluxury’s operations, which led to the company operating between March 9, 2022, and May 3, 2021,” for a false purpose.” & nbsp,
He is currently facing seven charges, including cheating, failing to mark a document, and leaving Singapore without presenting his card.
The pre-trial meeting for Pi and Pansuk’s cases has been scheduled for October 11. & nbsp,