A manager of a company dealing in mobile phones has been jailed
for 54 months and ordered to pay a penalty of nearly $17.1 million
in Singapore's biggest GST fraud case so far.
The Inland Revenue Authority of Singapore or IRAS said
43-year-old Mahesh Sukhram Daswani, from Sadhashiv Enterprises,
faced 20 charges for claiming fictitious GST refunds in the GST
returns of the company.
The $17.1 million penalty is three times the amount of tax
undercharged.
He had helped the company evade GST by omitting sales and the GST
amount from Jul 2003 to Aug 2004.
Daswani had also helped another business - Lekhraj & Bros,
evade GST.
IRAS said computer forensic techniques was used to expose his
crimes.
-- 938Live
