The Straits Times
www.straitstimes.com
Published on Dec 20, 2012
 

High roller gambler fined $10k for bringing in $836k without reporting it

 
 

With $436,000 in a bag and an additional $400,000 stuffed in his underwear, a Vietnamese businessman was stopped at the airport and arrested for failing to declare the amount of money he was bringing into Singapore.

On Thursday, Tran Ngoc Khoi, 36, was fined $10,000 by a district court.

Anyone moving $30,000 or more, or the equivalent in a foreign currency, must submit a report at a checkpoint. Failure to do this could mean a fine of up to $50,000 or up to three years in jail, or both.

As police investigations have revealed that Khoi was bringing in the $836,000 to help three friends to pay off their gambling debts with Marina Bay Sands casino, the cash seized by the police will be returned to him.