Woman eye specialist charged with tax evasion

An eye specialist has been charged with three counts of tax evasion.

Fifty-five-year-old Currie Chiang had allegedly under-declared her income by S$449,336.

Chiang, who runs International Eye Clinic at the Mount Elizabeth Medical Centre, is believed to have prepared false business records in her tax returns between 2006 and 2008.

She’s now out on a S$50,000 bail and will be back in court on October 15.

If convicted, Chiang will have to pay a penalty of S$1,797,344, four times the amount of under-declared taxes.

She could also be fined an additional S$50,000 or jailed up to five years. 

Source: Channel NewsAsia, 3rd September 2010

Mobile phone manager pleaded guilty to tax evasion

A manager of a company dealing in mobile phones has pleaded guilty to 11 tax evasion charges amounting to more than S$5 million.

Forty-three-year-old Mahesh Sukhram Daswani from Sadhashiv Enterprises assisted his father, Sukhram Parsram Daswani, who is also the sole-proprietor of the company, in evading taxes amounting to more than S$400,000 from January to February 2004.

He also assisted the company and a man identified as Shyam Lekhraj Bhojwani in evading more taxes between February and August that year.

The younger Daswani will be sentenced on July 30.

For committing the offences, he would have to pay three times the amount of tax that had been undercharged – a grand total of more than S$17 million.

He is also liable to a jail sentence of up to seven years, a maximum fine of S$10,000, or both.

Source: Channelnewasia