Director charged after company bank accounts allegedly received over $2.6m in scam proceeds
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The director of two companies was charged with disclosing to another person the means of unlawfully gaining access to a computer platform.
ST PHOTO: KELVIN CHNG
SINGAPORE – A man allegedly shared his Singpass details with another person in exchange for $300, and the information was used to incorporate two companies.
The police said the bank accounts of the firms – Global Whitehouse and Matrix Lane – purportedly received more than $2.6 million in scam proceeds later.
On July 11, Ananthan Naedasan, 52, who is still a director at both companies, was charged with one count of disclosing to another person the means of unlawfully gaining access to a computer platform – an offence under the Computer Misuse Act.
Court documents stated that between June and July 2022, the Singaporean allegedly disclosed to one “Ah Seng” information such as the password to his Singpass account.
Without revealing details, the police said that due to a scam, a foreign victim purportedly transferred around US$1 million (S$1.28 million) to Global Whitehouse’s bank account in August in 2022.
A police spokesperson added that two months later, another foreign victim allegedly transferred £815,850 (S$1.4 million) to Matrix Lane’s bank account.
Officers received information about the case in October 2022.
Ananthan is expected to plead guilty on Aug 8, 2025.
For misusing a computer system, an offender can be sentenced to up to three years’ jail, fined up to $10,000 or both.
