Man allegedly cheated companies of over $4m, conspired to dupe them of another $400k
SINGAPORE - A 46-year-old man allegedly duped two companies into paying a total of more than $4 million to two other firms - one of which he was a partner. Hussain Naina Mohamed is also accused of conspiring with the director of a fifth company to trick the victim companies into paying more than $400,000 to it. Hussain and the director, 66-year-old Eldo Thottungal Mathai, were each charged with six counts of conspiring to cheat on Thursday (July 22). Both men are Indian nationals. Hussain faces another 20 charges - 18 of cheating and two of money laundering. He was an assistant shipping manager of engineering firm Utracon Structural Systems at the time of the alleged offences between June 24, 2009 and Jan 2, 2019. Hussain allegedly concealed that he was the registered partner of Al Rahman Enterprises and Trading, when recommending to Utracon Structural Systems and another related firm, Utracon Overseas, that freight-forwarding and marine insurance jobs be awarded to his company. He is said to have concealed that his father was the sole proprietor of another company, SM Enterprises, when recommending that Utracon purchase plastic components from it. His alleged actions resulted in t...
