Indian-Origin Director In Singapore Fined For Faking Export Statements
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Another six charges on were levied Mr Ramanathan during sentencing. (Representational)Singapore: An Indian-origin former director of a company, which exports scraps to India, was fined SGD 558,000 for faking statements on the export of some SGD 9.72 million worth of goods, to benefit from preferential tariff treatment.The Singapore Customs said in a statement on Tuesday that Solaiyappan Ramanathan 41, who held a directorship at Feccuni has pleaded guilty to two charges under the Imports and Exports Regulations.Mr Ramanathan, a Singapore permanent resident, was the sole proprietor of Shakambri Overseas and had applied for 137 preferential certificates of origin (PCOs) for the export of the goods to India.These certificates offer preferential tariff treatment under the India-Singapo...