{
  "id": 172881,
  "title": "Two charged over alleged handling of crime benefits; one linked to nearly $200k in scam proceeds",
  "url": "https://urgent.news/2026/08/05/two-charged-over-alleged-handling-of-crime-benefits-one-linked-to",
  "topic": "world",
  "section": "World",
  "published": "2026-08-05T11:30:44.000Z",
  "source": {
    "name": "Straits Times",
    "slug": "straits-times",
    "url": "https://www.straitstimes.com/singapore/courts-crime/two-charged-over-alleged-handling-of-crime-benefits-one-linked-to-nearly-200k-in-scam-proceeds"
  },
  "original_language": "en",
  "account": "Singapore – Two individuals face charges for allegedly managing crime benefits, with one alleged to have received nearly $200,000 from a scam. On August 5, Chng Teck Huat, aged 56, was charged with nine counts of possessing stolen money in his bank accounts, along with a single count for not fulfilling his duties as a director at JBJ & Rich Anahawk Oil Hedge Investment. Yeo Chai Chun, 50, was accused of one count of rashly laundering money after allegedly transferring over $8,000 to another account. Police revealed that in August 2024, they received a report of an overseas company falling victim to an impersonation scam, in which funds were allegedly transferred to accounts held by Chng and Yeo. Chng allegedly received nearly $200,000 from a scam victim, while the rest of the stolen funds are suspected to have come from other scam victims. Court documents claim Chng possessed the funds in his accounts, despite having reason to believe they were obtained through fraud. JBJ & Rich Anahawk Oil Hedge Investment allegedly received $67,010 in crime benefits between June 20 and July 10, 2023, and Chng allegedly failed to exercise reasonable care in his directorship duties during that time. Yeo's bank account was also discovered during the investigation, showing that she received more than $9,000 from a love scam victim in August 2024. Despite her suspicions, Yeo allegedly transferred $8,298 from her account to another person at the request of an unidentified individual. Both Chng and Yeo's cases have been postponed until September 2. Under Singapore law, those found guilty of possessing funds while knowing or reasonably believing them to be criminal proceeds can face up to 10 years in prison, a fine of up to $500,000, or both. For rashly transferring another person's criminal proceeds, the penalty is up to five years in prison, a fine of up to $250,000, or both.",
  "summary": "The cases came to light after police received information that an overseas firm had become a victim of a scam.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}