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Full Version: Lab exec cheated NUS to repay loans granted by friends at exorbitant interest rates
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Jean Iau
PUBLISHED 11 HOURS AGO


SINGAPORE - To fund his wedding, credit card bills and renovation works for his future in-laws, a laboratory executive at National University of Singapore (NUS) borrowed money from his friends at exorbitant interest rates.

When Liaw Jinle, 34, was unable to keep up with repayments, one of the friends he borrowed from, Sandy Tan Wei Jie, 33, told Liaw that he would stop demanding repayment if Liaw helped Tan's companies get contracts from NUS.

These were for the supply of goods and services to the university.

From March to December 2019, Tan's companies were awarded 31 jobs from NUS, valued at $136,772.52.

Both men were found guilty of cheating and corruption on Thursday (March 31).

Liaw, who is no longer employed by NUS, was in tears as he was sentenced to 20 months and two weeks' imprisonment for two charges each of cheating and corruption.


https://www.straitstimes.com/singapore/c...corruption