Mr Chai Chung Hoong

UPON FINDING that Mr Chai Chung Hoong, CA (Singapore) had contravened Rule 64.1 read with Rule 64.3 of the Institute (Membership and Fees) Rules, in that he had been found guilty and convicted by the State Courts of the Republic of Singapore for four counts of offences under Section 157(1) which are punishable under Section 157(3)(b) of the Companies Act for failing to exercise reasonable diligence in the discharge of his duties as a director of four Singapore-registered companies and sentenced to six weeks imprisonment on 25 March 2022, and that following the above, the High Court of the Republic of Singapore had rejected both Mr Chai’s appeals against his conviction and sentence and issued its grounds of decision dated 7 February 2023,

The Disciplinary Committee ordered: 

That pursuant to Rule 137.1.1 of the Institute (Membership and Fees) Rules, his name be removed from the register and that he shall cease to be a Member with immediate effect.  

Mr Gurcharan Singh

UPON FINDING that Mr Gurcharan Singh, CA (Singapore), had contravened Rule 64.1 read with Rule 65.2 of the Institute (Membership and Fees) Rules, in that he had been found guilty and convicted by the State Courts of the Republic of Singapore of :

• one charge under Section 204 read with Section 331 of the Securities and Futures Act for failing to make immediate announcements of interested person transactions;
• one charge under Section 477A of the Penal Code for conspiring with two others to falsify financial statements;
• one charge under Section 417 read with Section 116 of the Penal Code for engaging in a conspiracy with three others to cheat auditors;
• three charges under Section 465 read with Section 109 of the Penal Code for instigating an employee to forge documents; and 
• two charges under Section 477A read with Section 109 of the Penal Code for abetting another to falsify documents.

and sentenced to eleven (11) months imprisonment with effect from 14 September 2022 and a fine of S$20,000, in default three (3) weeks imprisonment,

The Disciplinary Committee ordered: 

That pursuant to Rule 137.1.1 of the Institute (Membership and Fees) Rules, his name be removed from the register and that he shall cease to be a Member with immediate effect.

Mr Chong Xuan Ming

UPON FINDING that Mr Chong Xuan Ming, CA (Singapore), had contravened Rule 64.1 read with Rule 65.2 of the Institute (Membership and Fees) Rules, in that he had been convicted by the State Courts of the Republic of Singapore of one offence under Section 377BK (1) punishable under Section 377BK(2) of the Penal Code (Cap 224, 2008 Revised Edition) and one offence under Section 377BD(1)(a) punishable under Section 377BD(2) of the Penal Code and sentenced to eighteen (18) months’ imprisonment on 24 July 2024,

The Disciplinary Committee ordered: 

1. That pursuant to Rule 137.1.2 of the Institute (Membership and Fees) Rules, he be suspended for a period of thirty (30) months with immediate effect.
    
2. That pursuant to Rule 137.1.5 of the Institute (Membership and Fees) Rules, he be required to complete forty (40) CPE Hours relevant to his job role, inclusive of four (4) hours on Ethics courses, during the period of suspension at his own expense with the results to be reported to the Institute.
    
3. That he be allowed a six (6)-month grace period to complete and provide proof of completion of the required courses.
    
4. That pursuant to Rule 137.1.9 of the Institute (Membership and Fees) Rules, he provides two (2) character references, with one being a Chartered Accountant of Singapore and the other being his most current employer.
    
5. That pursuant to Rule 137.1.1 and Rule 137.1.9 of the Institute (Membership and Fees) Rules, failure to meet the stipulated requirements shall result in the removal of his name from the register and that he shall cease to be a Member with immediate effect.