A man of Indian descent was charged in a Singapore court on Thursday with cheating two people worth SGD 1.6 million under a timeshare recovery scheme linked to a Bangalore payments agency.
Murlidharan Muhundan, 45, faces 21 charges of cheating, two charges of complicity in cheating and a further two charges of attempted cheating, according to a report by The Straits Times.
He is alleged to have defrauded Chinese origin Ewe Phaik Cheng and Indian origin Marimuthu Therumalai in the timeshare chargeback fraud.
Mr Murlidharan has misled Ewe 13 times into believing that “Bhagyam Agencies Bangalore” would make a payout for her timeshare agreement, the broadsheet reported, citing court documents.
She was tricked into paying Mr Murlidharan amounts ranging from SGD 5,000 to SGD 100,000 between July 2020 and January last year.
Mr Murlidharan is also said to have cheated on Mr Marimuthu 12 times, including into believing he had to pay a fine of SGD 250,000 for taking photos in an office in Collyer Quay last November.
Mr Marimuthu was also misled into paying between SGD 20,000 and SGD 150,000 to Mr Murlidharan between July and November last year to receive payouts from his timeshare agreement, according to the Singapore daily report.
Those convicted of any of these crimes face up to 10 years in prison and a fine.
On Thursday, police called on the public to be vigilant when receiving cold calls from companies or individuals claiming to help them recover money from their timeshare memberships.
Individuals are advised to be wary when someone calls them about their timeshare membership. They should refrain from providing any personal information or details about their timeshare membership to the caller.
They are also urged to feed back. ground checks of the company’s track record before engaging its services and request a copy of the documentation of its proposals, statements, contracts and agreements.
Police also advised the public to be wary of the company’s reluctance to provide documentation. They should contact the timeshare developer whether the company acted with the former in recovering timeshare membership fees, and be extra careful if asked to make prepayments.
(This story was not edited by DailyExpertNews staff and was generated automatically from a syndicated feed.)