Five men arrested over stolen m-cycles
The police have arrested five men for their suspected involvement in several motorcycle thefts.
If convicted, the suspects, aged between 20 and 25, could be fined and jailed for up to seven years.
Three motorcycles were reported stolen in Bukit Panjang, Bukit Batok and Clementi between Aug 11 and 20. The suspects were arrested on Tuesday and yesterday following investigations. Two stolen motorcycles were recovered.
Man charged for abusing PIC scheme
A managing partner from Mailcarp LLP, an e-mail marketing solutions and software consultancy, has been charged for submitting false information to obtain a Productivity and Innovation Credit (PIC) cash payout of $6,000 for his business.
The Inland Revenue Authority of Singapore (Iras) said yesterday that Neo Leong Kiat, 38, was ordered by the court to pay the maximum fine of $10,000 and a penalty of $18,000 - three timeswhat he would have wrongfully obtained.
The PIC scheme offers tax deductions or cash to companies that invest in areas such as staff training or automation equipment to boost productivity.
Neo had in April 2013 submitted an application for a payout based on the purchase of automation equipment. In the application, he falsely declared that Mailcarp had met the qualifying conditions for the payout.
"Iras' investigations revealed that Neo made the claim despite knowing that (Mailcarp) did not fulfil the condition of employing three local employees," Iras said. "To make his claim appear legitimate, he made Central Provident Fund contributions to two individuals one day before the date of the cash payout application."
Offenders convicted of abusing the PIC scheme will have to pay a penalty of up to four times the amount of the cash payout wrongfully obtained, and a fine of up to $50,000 and/or a maximum jail term of five years.