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Tay
Kien Chuan, 33, who faced 1,995 charges, had earlier
admitted to 327 charges.
He
was fined a total of $10.8 million, or in default 81/2
years in jail.
Among
the charges proceeded against Tay, then owner of car
trading company 8th Gear, were falsely declaring the
actual value of 10 Porsche cars imported from Britain last
year.
The
court heard that in another set of 200 charges, Tay
intentionally under-declared the values of 639 cars
imported from Japan between June 2006 and July 2007 to
avoid full payment of excise duty and GST.
Instead
of paying $2.6 million excise duty and GST of $794,281, he
only paid $2.1 million and $644,108 respectively.
The
court was told that he proposed to Ang Hian Koon, 36, in
November 2006 to register a sole proprietorship, Allied
Auto, in Ang's name to import cars from Japan.
Tay,
who ran the business, then collaborated with the Japanese
suppliers to issue invoices of suppressed values which
were submitted together with the declaration of facts by
Ang to Singapore Customs. Ang's case is pending.
The
total excise duty and GST evaded by Allied amounted to
about $730,000 and $219,000 respectively.
In
the same court, Tan Chi Beng, 30, a technician, was fined
$976,000 on 40 tax and GST evasion charges in 2006 and
2007.
Tan,
who formerly owned Cyril Auto, a local parallel importer
of cars from Japan, abetted Low Check Tian, 32, to
fraudulently evade excise duty on 167 imported cars.
He
will serve a default sentence of 61 weeks behind bars as
he is not paying the fines.
Another
194 charges were taken into consideration.
Source :
Straits Times - Singapore, dated 06/07/2009 |
