Indian-Origin Singapore Man Jailed For Cheating 20 People Of $1.8 Million
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For each count of cheating, an offender can be jailed for up to 10 years and fined.Singapore: An Indian-origin Singaporean was on Monday sentenced to seven years and four months in jail for cheating 20 people of SGD 2.5 million (USD 1.8 million).Murali Krishnan Naidu was earlier convicted of 17 counts of cheating linked to nine people and involving a sum of SGD 2.5 million over 2008-13.Another 43 charges, including those involving the remaining victims, were also considered during the sentencing during which Naidu made no restitution, The Straits Times reported.In all, the 53-year-old Singaporean had cheated 20 people, including his family friends and acquaintances, of some SGD 2.5 million in an investment scam between 2008 and 2013.He had duped most of the victims, who had drawn ...