[ad_1]
She conspired with a former Nanyang Technological University (NTU) director and used her own husband to cheat the university out of $191,000.
For these offences, Louise Lai Pei Hsien, 43, the former director of IT firm I-KnowHow (IKH), was yesterday jailed for 17 months. She pleaded guilty to five counts of cheating, with another 10 cheating charges taken into consideration.
The court heard that Lai and her co-accused Cheng Choong Hung, also known as Viktor, were former colleagues. At the time of the offences, Cheng was the director of NTUitive. He was also a director at the Institute for Media Innovation (IMI) and chief executive of Techbiz Xccelerator (TBX).
All three are wholly owned subsidiaries of NTU.
Lai set up IKH in July 2014 on the advice of Cheng, who had control over the company, sourcing projects and making business decisions for it.
They agreed to tender for projects at IMI, TBX and NTUitive despite Lai knowing there would a conflict of interest. They also agreed Cheng should not be registered as a director, shareholder, or otherwise in connection with IKH.
[ad_2]
Source link
