Phang Wah, 49, better known as James Phang, his wife, Neo Kuon Huay, 46, Jackie Hoo Choon Cheat, 29, and Yong Wai Hong, 27, face between six and 20 charges each.
The prosecution alleges that Hoo, a director of Sunshine, abetted Phang and others to siphon $947,905 from the firm between December 2006 and August 2007.
Both men are said to being party to Sunshine's business when they knew it was fraudulently selling prime packages which included potential returns.
Phang, described as a manager, and Hoo are accused of failing to keep accounting and other records for financial year 2007.
Phang, who has the most charges, is said to have conspired with his wife, Ms Jenny Chan, an accounts clerk, and others to falsify accounts involving amounts of $20,000 to $245,000 on six occasions between December 2006 and August 2007.
Another charge states that he was a director of Empire Communication Technology when he authorized someone to falsely lodge a return to the Registrar of Companies on May 24, 2006.
Yong was charged with six counts of authorizing one Ng Chee Tiong to falsely lodge returns to the Registrar of Companies that shares in the Empire Investment Group, of which he was director, were allotted for cash.
The cases have been fixed for a pre-trial conference on March 5.
A probe into Sunshine's affairs started in November 2007, two months after the company was placed on the investor alert list by the Monetary Authority of Singapore.
Sunshine was set up by Phang, who says on the company's website that he has almost 30 years' experience in retail, sales and multinational enterprise building.
Sunshine is reported to have attracted 20,000 clients here since it was set up in July 2006.
Again ask questions, do your research, and get a Mentor
Thanks to straight times for the info
Posts
