Indian-origin magician faces fraud charges in Singapore

Singapore : An Indian-origin magician in Singapore has been charged with multiple counts of helping others to fraudulently obtain cash payouts and bonuses amounting to USD 7.6 lakh.
S Chandran, 35, was charged on Friday with 58 counts of helping 49 claimants to fraudulently get state-funded Productivity and Innovation Credit (PIC) cash payouts and bonuses amounting to 1.1 million Singapore dollars (USD 7.6 lakh). This is the biggest case involving an alleged PIC promoter in Singapore, The Straits Times reported.
Chandran, owner of consultancy firm Paradize Consultancy, was offered bail of 200,000 dollars (USD 1.3 lakh). He will return to court on February 3.He is a winner of the 2014 International Magicians Society’s Merlin Award, acted a PIC broker and received about 400,000 dollars from the payouts. He also holds doctorate in magic studies from the US, the report said.The alleged offences occurred between June 2013 and November 2014. The Inland Revenue Authority of Singapore (IRAS) has conducted extensive investigations into a number of suspicious PIC claims.