Condo buyers, agents jailed for backdating Option to Purchase to evade higher duties - Printable Version
+- SG Talk (https://sgtalk.net)
+-- Forum: SG Talk (https://sgtalk.net/Forum-SG-Talk)
+--- Forum: Market Talk (https://sgtalk.net/Forum-Market-Talk)
+--- Thread: Condo buyers, agents jailed for backdating Option to Purchase to evade higher duties (/Thread-Condo-buyers-agents-jailed-for-backdating-Option-to-Purchase-to-evade-higher-duties)
+- SG Talk (https://sgtalk.net)
+-- Forum: SG Talk (https://sgtalk.net/Forum-SG-Talk)
+--- Forum: Market Talk (https://sgtalk.net/Forum-Market-Talk)
+--- Thread: Condo buyers, agents jailed for backdating Option to Purchase to evade higher duties (/Thread-Condo-buyers-agents-jailed-for-backdating-Option-to-Purchase-to-evade-higher-duties)
Condo buyers, agents jailed for backdating Option to Purchase to evade higher duties - Levin - 25-09-2021
Lydia Lam
24 Sep 2021 07:43PM
(Updated: 24 Sep 2021 07:48PM)
SINGAPORE: A couple and two property agents were sentenced to jail on Friday (Sep 24) for backdating an Option to Purchase on a condominium unit in order to evade newly raised stamp duties.
Property buyers Daniel Halim and his wife Lee Liu Ying, both 44, were given six weeks' jail each and ordered to pay a penalty of S$276,000, four times the amount of additional buyer's stamp duties evaded.
Property agents Mu Shen, 50, and 44-year-old Loy Thye Wei were given eight weeks' jail each.
https://www.channelnewsasia.com/singapore/condo-unit-buyers-agents-jail-otp-stamp-duties-absd-2199616
RE: Condo buyers, agents jailed for backdating Option to Purchase to evade higher duties - Sharexchange - 25-09-2021
Haha...
RE: Condo buyers, agents jailed for backdating Option to Purchase to evade higher duties - Yin yang - 25-09-2021
Serve all these filthy rich right....they r over greedy ..
In life, work hard, extremely hard in an honest way...money made will b yours till u die...
$$$ if not yrs, is not yrs...never cheat cos need to eat nasi lemak in jail to wake up to know wat is life
RE: Condo buyers, agents jailed for backdating Option to Purchase to evade higher duties - starbugs - 25-09-2021
6-8 weeks jail is excessive. 1 week jail plus heavy fine is enough to send a signal for deterrence.
The sentences are rather disproportionate for such crimes.
RE: Condo buyers, agents jailed for backdating Option to Purchase to evade higher duties - Tangsen - 25-09-2021
Until today, in SG … there is 2 biggest law YOU NEVER EVER BREAK …..
Makan their MONEY
OR
SIAM paying them your MONEY
If you do …. they will
![[Image: 1550197012993.jpg]](https://i.ibb.co/NxLh0yj/1550197012993.jpg)
RE: Condo buyers, agents jailed for backdating Option to Purchase to evade higher duties - p1acebo - 25-09-2021
The Right Rev Con Hee must be laughing his head off for getting such a light senence to assist his horse face wifey break into the singing arena
RE: Condo buyers, agents jailed for backdating Option to Purchase to evade higher duties - Sticw - 25-09-2021
(25-09-2021, 02:03 PM)starbugs Wrote: 6-8 weeks jail is excessive. 1 week jail plus heavy fine is enough to send a signal for deterrence.
The sentences are rather disproportionate for such crimes.
The law has always been more favorable to the rich and any offence that resulted in govt getting snooked will attract heavier punishments.
As commoners, we will think that some offences against individuals are often given very light sentence, whereas offences against biz, govt etc are often given very heavy sentence. And we deem this unfair.
The world is not fair. Law wasn't about fairness, it's about how to play within the agreed norms and rules of the land. Else have very good lawyers to put up your case for you. And so by default, the law favors the rich cos they can get the lawyers to fight the case for them legally.
RE: Condo buyers, agents jailed for backdating Option to Purchase to evade higher duties - debono - 25-09-2021
(25-09-2021, 03:42 PM)Sticw Wrote: The law has always been more favorable to the rich and any offence that resulted in govt getting snooked will attract heavier punishments.
As commoners, we will think that some offences against individuals are often given very light sentence, whereas offences against biz, govt etc are often given very heavy sentence. And we deem this unfair.
The world is not fair. Law wasn't about fairness, it's about how to play within the agreed norms and rules of the land. Else have very good lawyers to put up your case for you. And so by default, the law favors the rich cos they can get the lawyers to fight the case for them legally.
If one is guilty of a crime, the long arm of the law will get you. Jail sentence is the best deterrent.