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Under Singapore
law, alleged accounting fraud commonly finds itself with a charge of falsification
of accounts under Section 477A of the Penal Code.
A person, in the
capacity of a clerk, officer or servant, who willfully and with the intent to
defraud destroys, alters, conceals, mutilates or falsifies any account
belonging to his employer OR makes or abets the making of any false entry in,
or omits, alters, abets the omission or alteration of any account shall be
charged under this section.
“Account” includes any
book, electronic record, paper, writing or valuable security
If convicted, the
accused can be punished with an imprisonment for up to 10 years, or with fine,
or with both.
In Singapore, we
see some well-known cases involving the falsification of accounts in the 2009
case of Sunshine Empire (a MLM company) whose manager James Phang was sentenced
to 9 years’ imprisonment and fine of $60,000, and the ongoing City Harvest
Trial where the same has been charged alongside with criminal breach of trust
(CBT).
It is recommended you hire the services of an experienced
lawyer in Singapore when facing charges.
Should you have any
questions or require legal representation, kindly contact Gloria James-Civetta & Co
on 6337-0469 for a free consultation, or email to consult@gjclaw.com.sg
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