Magazine article Screen International

Former RGM Director Jailed for Forgery in Singapore

Magazine article Screen International

Former RGM Director Jailed for Forgery in Singapore

Article excerpt

Chetty, an Australian citizen and Singapore resident, was sentenced by the Singapore courts to 22 weeks in prison for covering up three tranches of missing funds amounting to $12.5m ($S17m).

Local media reported that, in 2011, the MDA had asked Chetty to account for two investments amounting to $11m ($S15m) that were advanced to him in 2010 and 2011. Chetty then forged two bank statements by altering the dates to make it appear that the money was still in RGM's account.

The MDA had an agreement with RGM to set up Singapore-based film funds and believed the investments were seeding two separate funds - one with Twentieth Century Fox and the other with Sony Pictures Entertainment.

Deputy Public Prosecutor Leong Weng Tat told that court that the missing money had been used to pay offpart of RGM's overdue loans. …

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