CHANG SHOULD HAVE SUSPECTED THERE WERE ILLEGAL PRACTICES GOING ON IN MITIGATION

Chang should have suspected there were illegal

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CHANG SHOULD HAVE SUSPECTED THERE WERE ILLEGAL PRACTICES GOING ON IN MITIGATION – CHANG HAD MADE CERTAIN MISTAKEN ASSUMPTIONS AND WOULD HAVE TAKEN ACTION HAD HE KNOWN OF THE ILLEGAL PRACTICES ON 5 JANUARY 2017, STATE COURT ORDERED CHANG TO SERVE A COMMUNITY SERVICE ORDER OF 14 DAYS CRIMINAL RECORD UPON SERVING COMMUNITY SENTENCE? RECORD OF COMMUNITY SENTENCE SPENT ON DATE THE SENTENCE IS COMPLETED: 7DA REGISTRATION OF CRIMINALS ACT
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IMPLICATIONS FIRST CASE WHERE COMMUNITY SERVICE SENTENCE IMPOSED FOR S.157 OFFENCE COMMUNITY BASED SENTENCES MEANT FOR REGULATORY OFFENCES, YOUNGER OFFENDERS OR THOSE WITH SPECIFIC AND MINOR MENTAL CONDITIONS “TO PREVENT OFFENDER FROM BEING DISLODGED FROM FAMILY, EMPLOYMENT AND SOCIETY AND TO ASSIST HIS REHABILITATION” (SINGAPORE PARLIAMENTARY DEBATES, OFFICIAL REPORT (19 MAY 2010 VOL 87 AT COLUMN 568) ALTERNATIVE FORM OF PUNISHMENT INSTEAD OF FINE/IMPRISONMENT
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3.3 DIRECTORS’ LIABILITIES S.162 CA: NO LOANS OR GUARANTEES TO DIRECTOR OR FAMILY OR ANOTHER COMPANY IN WHICH DIRECTOR HAS MATERIAL INTEREST EXCEPT: HOUSING LOAN UNDER SCHEME FOR EMPLOYEES REIMBURSEMENT OF EXPENSES NO COMPENSATION FOR LOSS OF OFFICE UNLESS APPROVED BY MEMBERS OR STATED IN CONTRACT
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3.4 DISQUALIFICATION OF DIRECTOR S.148 CA : UNDISCHARGED BANKRUPT AUTOMATICALLY DISQUALIFIED S.149 CA : DISQUALIFICATION ORDER FOR “UNFITNESS TO ACT” UP TO 5 YEARS S.154 CA : CONVICTED OF FRAUD (3 MONTHS OR MORE) OR ANY OFFENCE UNDER S.157, S.339 (FAILURE TO KEEP PROPER ACCOUNTS) OR UNDER PART X11 SECURITIES & FUTURES ACT OR SUBJECT TO CIVIL PENALTY UNDER S.232 SFA – AUTOMATICALLY DISQUALIFIED FOR 5 YEARS
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S.155 CA: PERSISTENT DEFAULT RELATING TO RETURNS, ACCOUNTS, NOTICES OR DOCUMENTS PERSISTENT DEFAULT = GUILTY OF 3 OR MORE OFFENCES OR HAD 3 OR MORE ORDERS MADE AGAINST THE DIRECTOR WITHIN LAST 5 YEARS AUTOMATICALLY DISQUALIFIED FOR 5 YEARS
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SECURITIES & FUTURES ACT 3.5
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INSIDER TRADING – SECTION 218 TO PREVENT CONNECTED PERSON (INSIDER) FROM TAKING UNFAIR ADVANTAGE OF INFORMATION THAT IS NOT GENERALLY AVAILABLE INFO MUST BE PRICE-SENSITIVE I.E. HAVE A MATERIAL EFFECT ON
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