SINGAPORE - A driver, who was linked to a SkillsFuture scam involving nearly $40 million, dealt with almost $1.1 million of the ill-gotten gains, a district court heard on Tuesday .
The scam has been described as the largest case of fraud perpetrated against a public institution in Singapore. SkillsFuture Singapore oversees the SkillsFuture initiative which is aimed at promoting lifelong learning among Singaporeans. The court heard that nearly $33,000 had been seized from his insurance policies, and the money will be handed over to SSG.
Under the SSG scheme, a Singapore business entity that had sent its employees for skills training courses with registered training providers can apply to SSG for a subsidy, provided certain conditions are met.