2011

 Ms Kammy Choo Swee Keng

UPON FINDING that Kammy Choo Swee Keng, a Non-practising Member, had breached Rule 40.1, read with Rules 41.1 and 41.2 of the ISCA (Membership and Fees) Rules made pursuant to Article 54 of the Constitution of the Institute, in that she had pleaded guilty to and was convicted by the District Court in Singapore on 26 March 2010 of 7 charges (DAC 044801-7/2009) of falsification of accounts under Section 477A of the Penal Code, Cap 224 (with another 50 similar charges DAC 044808-044857/2009 taken into consideration), which offences were committed in her former capacity as the Chief Financial Officer of AEM-Evertech Holdings Ltd and, upon appeal to the High Court, had her sentence revised to one day's imprisonment and fined a total of S$70,000 for all 7 charges, the Disciplinary Committee ordered that her registration as a member of the Institute be suspended for three (3) months with effect from 11 November 2011.


Mr Kevin Lew Chee Fai

UPON FINDING that Kevin Lew Chee Fai, a non-practising member, had breached Rule 40.1, read with Rule 41.2, and Rule 40.4 read with Section 100.4(e) of the Third Schedule of the ISCA (Membership and Fees) Rules made pursuant to Article 54 of the Constitution of the Institute, whereby he, formerly the  Chief Financial Officer and later the Chief Risk Officer of WBL Corporation Limited ("WBL"), had been found guilty by the Singapore High Court in Suit No. 71 of 2009 (which decision was affirmed on appeal) of insider trading under Section 218(2)(a) of the Securities & Futures Act in that he sold 90,000 WBL shares on 4 July 2007 after attending a WBL senior management meeting on 2 July 2007 where he obtained non-public price-sensitive information about WBL and thereby avoided a loss of S$27,000.00, the Disciplinary Committee ordered that his name be removed from the register and that he shall cease to be a member of the Institute with effect from 20th July 2011.


Mr Paw Yew Hock

UPON FINDING that Paw Yew Hock, a non-practising member, had breached Rule 40.1, read with Rule 41.2, and Rule 40.4 read with Section 100.4(e) of the Third Schedule of the ISCA (Membership and Fees) Rules made pursuant to Article 54 of the Constitution of the Institute, in that he, in his former capacity as an officer of Tian Agro-Technology Pte Ltd ("TATPL"), was convicted by the Subordinate Courts of Singapore on 23 February 2011 and fined $10,000 for each of the following 2 charges:

  1. sometime in November 2005 in Singapore, he abetted, by instigation, one Chia Ee Boon to authorize the company secretary of TATPL to lodge a Return of Allotment of Shares with the Accounting and Corporate Regulatory Authority on 17 November 2005 which stated amongst other things that TATPL's issued share capital of S$1,762,500 was fully paid up when he knew that the said information was false, and which was an offence punishable under Section 401(2A) of the Companies Act read with Section 109 of the Penal Code; and

  2. sometime in the middle of 2006, in Singapore, he did wilfully and with intent to defraud, falsify a paper belonging to TATPL when he prepared a journal voucher No. JV05-1206 which falsely stated that S$1,435,347.10 cash was deposited into TATPL as paid up capital on 31 December 2005, which was an offence punishable under Section 477A of the Penal Code, 

the Disciplinary Committee ordered his name be removed from the register and that he shall cease to be a member of the Institute with effect from 20th July 2011.


Ms Joyce Tan Chye Geok

UPON FINDING Joyce Tan Chye Geok, a non-practising member, guilty of violating Rule 40.5 of the ISCA (Membership and Fees) Rules in that she had petitioned herself as a bankrupt on 11 November 2010 and is still an undischarged bankrupt, the Disciplinary Committee ordered that her name be removed from the register and that she shall cease to be a member of the Institute with effect from on 15 April 2011.


Mr Alex Ng Soon Heng 
UPON FINDING Alex Ng Soon Heng, a non-practising member, guilty of violating Rule 40.1 read with Rule 41.2 of the ISCA (Membership and Fees) Rules, in that he had in his former capacity as the Group Financial Controller of JEL Corporation (Holdings) Ltd (JEL) been convicted and sentenced to 10 months' imprisonment by the Subordinate Courts on 27 May 2010 for his part in a racket designed to fraudulently inflate the company's profits by, inter alia, falsifying invoices and conniving at the commission of an offence by JEL in stating false information in their Unaudited Full Year Financial Statement on 26 February 2007, the Disciplinary Committee ordered that his name be removed from the register and that he shall cease to be a member of the Institute with effect from 15 April 2011.