Indian national Hussain Naina allegedly cheated companies of over $4m

tripleme

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A 46-year-old man allegedly cheated two companies into payinga total of over $4 million to two other firms - in one of which he was a partner.

Hussain Naina Mohamed is also accused of conspiring with the director of a fifth company to dupe the victim companies into paying over $400,000 to it.

Hussain and the director, 66-year-old Eldo Thottungal Mathai, were each charged with six counts of conspiring to cheat on Thursday (July 22). Both men are Indian nationals.

Hussain faces another 20charges - 18 of cheating and two of money laundering.

He was an assistant shipping manager of engineering firm Utracon Structural Systems, at the time of the alleged offences, between June 24, 2009 and Jan 2, 2019.

Hussain allegedly concealed that he was the registered partner of Al Rahman Enterprises and Trading, when recommending to Utracon Structural Systems and another related firm, Utracon Overseas, that freight forwarding and marine insurance jobs be awarded to his company.




He is said to have concealed that his father was the sole proprietor of another company, SM Enterprises, when recommending that Utracon purchase plastic components from it.

His alleged actions resulted in the victim companies paying approximately a total of $4.3 million over the years to Al Rahman and SM Enterprises, according to the Corrupt Practices Investigation Bureau (CPIB).

An online search shows that both Al Rahman and SM Enterprises have ceased business operations.

Hussain and Eldo are also said to have conspired to cheat the victim companies into paying about $417,000 to ship carter company Indus Global Line between Oct 14, 2011 and April 5, 2018. Eldo was the director of Indus Global Line at that time.

They allegedly concealed that a portion of the price stated on job quotations submitted by Indus Global Line would be paid to Hussain, if it was successfully awarded the jobs.

Hussain is accused of remitting about $142,000, of his alleged ill-gotten gains to India between May 2014 and November 2017.

He also purportedly used $125,000of his alleged criminal proceedsfor the purchase of a Housing Board flat on May 22, 2018.

Eldo's case will be next heard on Aug 19, while Hussain is expected to plead guilty to his offences on Sept 16.

For each cheating offence they are convicted of, they can be jailed for up to 10 years and fined.

Hussain can also be jailed for up to seven years, fined up to $500,000, or both, for each offence of money laundering he is guilty of.

 

limpeh456

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busfreaks

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Hussain is accused of remitting about $142,000, of his alleged ill-gotten gains to India between May 2014 and November 2017.

He also purportedly used $125,000of his alleged criminal proceeds for the purchase of a Housing Board flat on May 22, 2018.

Can confiscate his house? Since he dun need it anytime soon.

The money that go to India we know is as good as gone
 

ubtokendotnet

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A 46-year-old man allegedly cheated two companies into payinga total of over $4 million to two other firms - in one of which he was a partner.

Hussain Naina Mohamed is also accused of conspiring with the director of a fifth company to dupe the victim companies into paying over $400,000 to it.

Hussain and the director, 66-year-old Eldo Thottungal Mathai, were each charged with six counts of conspiring to cheat on Thursday (July 22). Both men are Indian nationals.

Hussain faces another 20charges - 18 of cheating and two of money laundering.

He was an assistant shipping manager of engineering firm Utracon Structural Systems, at the time of the alleged offences, between June 24, 2009 and Jan 2, 2019.

Hussain allegedly concealed that he was the registered partner of Al Rahman Enterprises and Trading, when recommending to Utracon Structural Systems and another related firm, Utracon Overseas, that freight forwarding and marine insurance jobs be awarded to his company.




He is said to have concealed that his father was the sole proprietor of another company, SM Enterprises, when recommending that Utracon purchase plastic components from it.

His alleged actions resulted in the victim companies paying approximately a total of $4.3 million over the years to Al Rahman and SM Enterprises, according to the Corrupt Practices Investigation Bureau (CPIB).

An online search shows that both Al Rahman and SM Enterprises have ceased business operations.

Hussain and Eldo are also said to have conspired to cheat the victim companies into paying about $417,000 to ship carter company Indus Global Line between Oct 14, 2011 and April 5, 2018. Eldo was the director of Indus Global Line at that time.

They allegedly concealed that a portion of the price stated on job quotations submitted by Indus Global Line would be paid to Hussain, if it was successfully awarded the jobs.

Hussain is accused of remitting about $142,000, of his alleged ill-gotten gains to India between May 2014 and November 2017.

He also purportedly used $125,000of his alleged criminal proceedsfor the purchase of a Housing Board flat on May 22, 2018.

Eldo's case will be next heard on Aug 19, while Hussain is expected to plead guilty to his offences on Sept 16.

For each cheating offence they are convicted of, they can be jailed for up to 10 years and fined.

Hussain can also be jailed for up to seven years, fined up to $500,000, or both, for each offence of money laundering he is guilty of.


racist sia should let him cheat mah?
 

ubtokendotnet

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A 46-year-old man allegedly cheated two companies into payinga total of over $4 million to two other firms - in one of which he was a partner.

Hussain Naina Mohamed is also accused of conspiring with the director of a fifth company to dupe the victim companies into paying over $400,000 to it.

Hussain and the director, 66-year-old Eldo Thottungal Mathai, were each charged with six counts of conspiring to cheat on Thursday (July 22). Both men are Indian nationals.

Hussain faces another 20charges - 18 of cheating and two of money laundering.

He was an assistant shipping manager of engineering firm Utracon Structural Systems, at the time of the alleged offences, between June 24, 2009 and Jan 2, 2019.

Hussain allegedly concealed that he was the registered partner of Al Rahman Enterprises and Trading, when recommending to Utracon Structural Systems and another related firm, Utracon Overseas, that freight forwarding and marine insurance jobs be awarded to his company.




He is said to have concealed that his father was the sole proprietor of another company, SM Enterprises, when recommending that Utracon purchase plastic components from it.

His alleged actions resulted in the victim companies paying approximately a total of $4.3 million over the years to Al Rahman and SM Enterprises, according to the Corrupt Practices Investigation Bureau (CPIB).

An online search shows that both Al Rahman and SM Enterprises have ceased business operations.

Hussain and Eldo are also said to have conspired to cheat the victim companies into paying about $417,000 to ship carter company Indus Global Line between Oct 14, 2011 and April 5, 2018. Eldo was the director of Indus Global Line at that time.

They allegedly concealed that a portion of the price stated on job quotations submitted by Indus Global Line would be paid to Hussain, if it was successfully awarded the jobs.

Hussain is accused of remitting about $142,000, of his alleged ill-gotten gains to India between May 2014 and November 2017.

He also purportedly used $125,000of his alleged criminal proceedsfor the purchase of a Housing Board flat on May 22, 2018.

Eldo's case will be next heard on Aug 19, while Hussain is expected to plead guilty to his offences on Sept 16.

For each cheating offence they are convicted of, they can be jailed for up to 10 years and fined.

Hussain can also be jailed for up to seven years, fined up to $500,000, or both, for each offence of money laundering he is guilty of.


see if reddit will have this story or not

too bad most of us tio ban
 

yonglimm

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Cheating is not a crime to ceca.....it is their culture......sg should not be xenophobic and drop all charges immediately.......
 
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