Company director fined $48,000 for counterfeiting export documents
A company director was on Wednesday fined $48,000 for counterfeiting export documents for goods worth more than $300,000.
Over a 27-month period between November 2008 and February 2011, Harold Toh Thiam Luck, 46, used a stamp from the "Singapore Manufacturers' Federation" - the former name of the Singapore Manufacturing Federation - to certify that goods exported by his firm, Fukutomi Technologies, had come from Singapore. This allowed easier access for the goods exported by his firm to importing countries. There are five organisations here authorised to issue the certificates to exporters.
The director of Fukutomi Technologies, who pleaded guilty to four charges, is the first to be prosecuted for the offence. His acts undermined the reputation of such certificates issued here and Singapore's reputation as a trusted global trade hub, said Singapore Customs in a statement on Friday.
Any person found guilty of counterfeiting or using any counterfeited documents covered by import and export regulations is liable to a maximum fine of $100,000 or three times the value of the goods, whichever is greater, and a jail term of two years.