NRI Gurcharan Singh Trek 2000 ex-CFO jailed and fined for
multiple frauds in Singapore

Los Angeles, Dec 06, 202
NRIpress.club/Ramesh/ A.Gary Singh

Trek 2000 International’s former chief financial officer Gurcharan Singh has been sentenced to 11 months’ jail and fined $20,000 for falsifying accounts, forgery and not disclosing interested party transactions.Singh was convicted of eight charges on Monday, with nine other similar charges taken into account in sentencing him.

This comes after Trek 2000’s founder Henn Tan and former executive director Poo Teng Pin were convicted of charges in related conspiracies.

Tan was sentenced to 16 months’ jail in October, while Poo received nine months.

Investigations by the Commercial Affairs Department revealed that in 2011, mainboard-listed Trek 2000 – known for inventing the thumb drive – had entered into seven transactions valued at approximately US$2.79 million (S$3.79 million) with T-Data Systems. The sole shareholder of T-Data is the wife of Trek 2000’s Poo, which makes T-Data an interested party in relation to Trek 2000.

Police said.

• Gurcharan Singh knew that T-Data was an interested person but did not take any steps to get Trek 2000 to make the necessary disclosures
• Further, he conspired with Tan and Poo to manipulate the company's books for the financial year ended on December 31, 2015, by recording a fictitious sale worth $3.2 million to Unimicron Technology.
• The trio then deceived the company's auditors from Ernst & Young into believing the sale was genuine

Singh asked an employee to forge two bank advices to support the fictitious Unimicron sale. He and his co-conspirators created a document setting out a false chronology of events relating to the bogus sale, the paper reported.

Between 2012 and 2013, Singh also conspired with Poo to falsify documents to record the fictitious income. In 2015, Singh asked Poo to fake seven invoices to record a total of $1.74 million in fictitious licensing income supposedly earned from Toshiba.