Former CEO jailed for providing false information to get work passes for foreign investors
Chu Sau Ben, former CEO of a building solutions company, received a five-week jail term for submitting false statements to the Ministry of Manpower to secure work passes for two foreigners. The foreigners had no intention of working in Singapore, only seeking to legalize their residence. Chu's companies received millions in exchange for the work passes.
In exchange for investment funds, the former CEO of Libra Group Limited applied for employment passes for two foreigners under false pretenses. Chu Sau Ben, 59, was sentenced to five weeks in jail for submitting false statements to the Ministry of Manpower. He sought funds to expand his business overseas and agreed to pledge shares in his companies in exchange for investment. Two foreigners, Liu Lei and Chen Bingchuan, paid significant amounts for work passes but had no intention of working in Singapore. Investigations revealed the fraudulent scheme, leading to Chu's conviction.
According to the source: CNA.
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