SINGAPORE – Though he had no experience or qualifications to conduct property investments or management, a Singaporean man claimed that his company had received money for a multimillion-dollar property investment.
Mohd Jamail Khan Banakhani Shafi Khan said the money – totalling more than $460,000 – was from a foreigner named Chinazaepere Raphael Okoli for his company to buy a freehold property in Singapore and that he was the appointed property manager.
In reality, a Vietnamese company – Trading Scientific Technological Materials – had been tricked into giving the money to Jamail as a result of spoofed e-mails.
On Monday (March 21), Deputy Public Prosecutor Lee Wei Liang sought a sentence of 30 months’ jail for Jamail.
He had earlier pleaded guilty and was convicted over eight charges, including five under the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act.
Jamail – a director and shareholder of Singapore-registered companies Jars Technology and Jars Investments and Holdings – was previously investigated in 2015 by the Commercial Affairs Department (CAD) for money laundering over money received from a person named “John Mark”, DPP Lee said, according to court documents.
On June 20, 2016, the director of Trading Scientific Technological Materials made a police report in Singapore, saying that his firm had been deceived into transferring money to a Jars Technology bank account as payment for laboratory equipment.