2 S’poreans fined S$3.35mil each after evading taxes for M’sian diesel
Singapore Customs says the total duty and GST evaded by the two men amounted to about S$2,500,205.
Two Singaporean businessmen, Chua E Hong, 51, and Ng Leok Kwee, 48, have been fined a total of S$3.35 million each for evading taxes on diesel imports from Malaysia. The Singapore state court imposed the hefty fines after the duo pleaded guilty to three charges of fraudulent evasion of duty under the Customs Act. The men were found to have imported over 4.5 million litres of automotive diesel between April and December 2024, evading S$905,419 in customs duty.
The court also considered 16 additional charges, including six for fraudulent duty evasion and ten for fraudulent evasion of GST, which amounted to S$2,500,205 in total. The scheme devised by the pair involved sourcing cheaper diesel from Malaysia and importing it into Singapore without declaring the imports or obtaining the necessary cargo clearance permits.
The diesel was then sold to customers in Singapore, boosting the profits of CNC Petroleum Pte Ltd, where Chua served as managing director and Ng as executive director. Singapore customs uncovered the scheme through information received and traced the diesel's journey from Pengerang, Johor, via a vessel collecting the fuel, transferring it into Singapore's territorial waters at Selat Pauh Petroleum Anchorage, and distributing it to customers in Singapore through tanker trucks.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- 2 S’poreans fined S$3.35mil each after evading taxes for M’sian diesel freemalaysiatoday.com
