Auditing

48 views 7:41 am 0 Comments April 11, 2023

Henn Tan, the founder of the company that invented the thumb drive, was on Tuesday sentenced to one year and four months in jail for committing accounting fraud.

The 66-year-old former chief executive of mainboard-listed Trek 2000 International had pleaded guilty in August to five charges of engaging in conspiracies to falsify accounts, forge documents and cheat external auditors.

Another four similar charges were taken into consideration for his sentencing.
The court heard that Tan, who is Singaporean, had conspired between 2006 and 2011 with the chief financial officer Gurcharan Singh to falsify Trek 2000’s financial statements pertaining to licensing income.