Ex-NKF board member Matilda Chua fined $10,000, but no
jail
By Julia Ng, Channel NewsAsia | Posted: 30 November 2007 1949
hrs
SINGAPORE: Former NKF board member Matilda Chua has been fined
$10,000 for falsifying company accounts.
This is in relation to her association with GNR, a call centre
company she and ex-NKF chief T T Durai set up in 2000.
Tears of relief flowed when sentence was meted out and Chua was
spared the jail term on Friday.
A visibly relieved Chua later walked out of the Subordinate Courts
with her family.
For falsifying the accounts, Chua could have been jailed for up to
seven years.
In mitigation, her lawyer had said Chua's case was a unique
one.
Her lawyer argued that unlike other cheating cases where the
culprits repeatedly falsify accounts and squander the gains, Chua
only made the mistake once.
Besides, Chua did not make any tangible gain from the
transaction.
However, the judge said Chua did falsify the accounts, although
this did not cause any market disruption or harm the interests of
the public. Hence, a lighter sentence was meted out. - CNA/ir
