Indian-Origin Director Fined Over SGD 1 Million for Vehicle Import Fraud in Singapore
Indian-origin company director fined for under-declaring imported car values in Singapore
Hindustan Times
Image: Hindustan Times
Thiyambarawatta Subash Indrajith, an Indian-origin director of Concordway in Singapore, has been fined SGD 1,068,000 and sentenced to two months in jail for under-declaring the values of imported vehicles, including a Porsche, resulting in a duty evasion of over SGD 161,251. The offences occurred between October 2018 and February 2024.
- 01Thiyambarawatta Subash Indrajith fined SGD 1,068,000 for customs fraud.
- 02Sentenced to two months' imprisonment for under-declaring vehicle values.
- 03Evaded over SGD 161,251 in duty on 34 imported vehicles.
- 04Investigation began after suspiciously low declared value for a Porsche.
- 05Concordway specializes in importing vehicles from Japan and the UK.
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Thiyambarawatta Subash Indrajith, a 59-year-old director of Concordway, a vehicle import company in Singapore, has been fined SGD 1,068,000 and sentenced to two months' imprisonment for under-declaring the values of imported vehicles, including a Porsche 718 Cayman Style Edition. Between October 2018 and February 2024, he pleaded guilty to nine charges under the Customs Act, which involved evading over SGD 161,251 in duty on 34 imported vehicles. The court's decision was made on April 24, with ten additional charges considered during sentencing. The investigation was initiated after a suspiciously low declared value for a Porsche led customs officers to search Indrajith's residence, where he admitted to assisting clients in importing vehicles for commissions. His actions included providing false invoices and splitting payments to evade detection. If he fails to pay the fine by May 25, he faces an additional 12 months and two weeks in prison.
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This case highlights the consequences of customs fraud in Singapore, potentially leading to stricter enforcement and scrutiny of vehicle imports, affecting both importers and consumers.
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