NEW YORK, May 5 (Reuters) - Contract manufacturer Flex on Tuesday outlined plans for a strategic break-up to monetize its exposure to artificial intelligence, saying it would spin off its cloud and power infrastructure business into a separate publicly traded company by early 2027.
Besmond Huan Yu Kang was sentenced to seven years and four months’ jail and a fine of S$5,400. - Photo: SINGAPORE POLICE FORCE SINGAPORE: A man who worked for a transnational criminal syndicate enabled the group to control 100 newly opened bank accounts across seven Singapore banks.
More than S$4.3 million flowed through these accounts, of which S$22,230 was traced to reported scam cases in Singapore. On May 6, he was sentenced to seven years and four months’ jail and a fine of S$5,400. He had pleaded guilty to eight charges, including cheating and misusing a computer system. Singapore and Malaysian police managed to bust the Johor-based syndicate, and 12 Malaysians, including Huan and Tan Kang Yung, were arrested on Aug 9, 2024.
In December 2025, Tan, then 35, was sentenced to five years and 10 months’ jail and a fine of $2,000. Yew’s wife, Angeline Chan Sze Sze, 38, who is an alleged accomplice, is still at large. Huan was in Malaysia in November 2023 when he came across an online advertisement about a “high-paying” job in Singapore. Huan accepted a job from Ah Wei to open and surrender Singapore bank accounts to the syndicate.
Huan suspected that the syndicate engaged in “harvesting” Singapore bank accounts for scams. Deputy Public Prosecutor Chan Wayde said: “When he asked Ah Wei and ... they informed him that the bank accounts were not used for scams but instead for other purposes which they did not disclose. Ah Wei applied for a Singapore work permit for Huan so he could open bank accounts here. Huan had no intention of lawfully working in Singapore.
After a work permit card was issued, Ah Wei guided Huan in using it to open accounts with various banks in Singapore. After that, he handed to Ah Wei items linked to two of the accounts, including the ATM cards and passwords. Ah Wei then passed them to the syndicate, which in turn handed them to unknown persons for illegal purposes such as scams. From February to August 2024, nearly $300,000 was transferred to the other account.
As part of the job, he had to accompany people from Malaysia to Singapore and guide them in opening bank accounts. Court documents stated that Huan also had to collect the internet banking login IDs and passwords and send them to Chan via chat groups on the WeChat messaging platform. Huan accepted the job offer despite suspecting that he would be part of a transnational crime syndicate.
When he asked Chan, she told him “the bank accounts were used for illegal online gambling”, said DPP Chan.
“He then suspected that the bank accounts were also being used for money laundering but chose not to probe further. ” DPP Chan told the court: “As a result of participation in the syndicate over a period of six months, control of 100 newly opened bank accounts from seven Singapore banks fell into the hands of the syndicate.
” He also said that in April 2024, Huan engaged in a conspiracy with a group of people including Yew, Chan and Tan to cheat various Singapore banks. The banks were duped into believing the money mules were the sole operators of the accounts linked to them. Between May and August 2024, Huan accompanied 12 money mules from Malaysia to Singapore and guided them in opening 39 bank accounts.
Huan also committed other offences including those linked to the remaining amount. On Aug 9, 2024, the Commercial Crime Investigation Department of the Royal Malaysia Police informed their Singapore counterparts that Huan and other individuals had been arrested in Johor for harvesting Singapore bank accounts. He was represented by lawyer Ashvin Hariharan, who pleaded for him to be given not more than four years and eight months’ jail.
The lawyer from Ashvin Law Corporation said: “Besmond provided the investigation officers with all the information that he had about the syndicate, and truthfully answered all the questions asked of him. ” Separately, Singapore police said in a statement on May 3 that they had observed an increasing trend of Malaysians travelling to Singapore to assist scam syndicates in collecting valuables from victims.
Since Dec 30, 2025, scammers and members or recruiters of scam syndicates face mandatory caning of between six and 24 strokes. Mules who enable scammers by laundering scam proceeds will face discretionary caning of up to 12 strokes. - The Straits Times/ANN
Transnational Criminal Syndicate Bank Accounts Scams Singapore Banks Besmond Huan Yu Kang Sentencing Malaysian Police Illegal Purposes Money Laundering Wechat Messaging Platform
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