[kc172021]

Fine only $5,000 for Midas CEO.

PAP seems to be encouraging such crimes.

Now, his family has proven the weakness in the System. 



If convicted for an offence under Section 157(1) of the CA, per Section 157(3) of the CA, Chew faces imprisonment for a term which may extend to a maximum of 12 months, or a fine of up to S$5,000.

Midas Holdings' former CEO charged under the Companies Act, Companies & Markets - THE BUSINESS TIMES

Oh no wonder they behave in this manner. $5000 is nothing as compare to those directors fees collected. He has his brother as a reference point. no sweat lah. like dont "cheat" also very wasted since is being "encouraged "