Deen’s Watches was convicted of one count of dealing with the proceeds of criminal activities.
SINGAPORE - An 18-year-old youth set up a company in January 2022 and its bank account was later used to receive the proceeds of an overseas scam totalling some US$1.5 million .
In a statement to the police in May 2022, Ali said that he got to know an acquaintance when they were at the Singapore Boys’ Home and the latter asked him to set up a watch company, promising between $20,000 and $30,000 in profits. As the director of Deen’s Watches, Ali knew that he had to take care of the company’s affairs, said DPP Tung.
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