Over the weekend we’ve met with a source that provides us a glimpse into how our character M, identified as Mr Malvin Singh Sanger S/O Uttam Singh (NRIC no. S8106150E) and Tan Ah Chai (“TAC”) got started together. This story is very complex and may not be told in a chronological manner. Our source is a third party in all this events. He was in good relation with all the victims of this story, namely E, A, S as well as TAC and Malvin. He is very well to do and currently runs his own shipping business.
Malvin was responsible for being the “frontman” of TAC and his elaborate schemes which tragically has bankrupted some of my sources namely,
• A doctor who was cheated up to S$4.3M
• An unemployed man who was cheated up to S$800k
We are quite sure that there are some more victims out there are waiting to be discovered.
It all started in October 2012, E has known Malvin during his Reservist. Just two weeks before he was fired mysteriously from his job.Malvin is someone according to E that sells hope, loves to entertain and connect people. Malvn exuberates the qualities of a typical Con-Man. It was also during this time that he borrowered a sum of 10k from E to complete a job in Thailand, and the repayment would be 10% after 1 month. Yet this was not the case from December 2012 to Feb 2013 this sum was never repaid back.
According to my source this was E’s darkest period as he was unemployed and depressed and Malvin have consistently driven him around… Introducing him to people as his accountant or sometimes even as a director. This of course is what Malvin constantly do, making people as his Front Man acting as a Proxy and finally of course to take the fall. Malvin would always talk about opportunities and reportedly entice E with S$100k of returns should everything work well… Well we know it’s all a big lie.
Where did Malvin got all these money from?
Well sometimes in January Malvin met a Australian lawyer we shall call him A in Thailand, with Malvin promising him a huge sum of money which he will make from the SBLC deal. Requesting an entrance fee to join the so call exclusive club. That fee which A paid was not a small sum and it amounts to about S$300+K. All of the money apparently come from Australian Bikees (the Singapore version of “Ah longs”) was paid into Entasia Interactive (“Entasia”). As Malvin is a bankrupt he uses his Father’s name as the director and shareholder while he controls the Entasia bank account.
We even have the details of transfer here:
• S$135,500 on 15 Jan 2013
• S$138,811 on 18 Jan 2013
• S$64,185 on 18 March 2013
On 25th January 2013 Malvin have stupidly transferred a sum of $140,000 to TAC and would later regret this stupid mistake. TAC have obviously promise him that this Bank Guarantee/SBLC deal would change his life. This of course is another lie. We will cover more of this part of the story, which involves coastal asia, in another post.
During this period from February to April 2013, Entasia Interactive was down in sales as the valet service business with RWS is coming to an end. It was also during this time that Malvin would again try to architect the bank balances of Entasia using the remainder funds from A to try applying for bank loan by using E’s name as the directorHowever, it was unsuccessful. For those who did not know about why Malvin requires the bank loan it is of course to sustain his lifestyle and not for some legit business purpose. He is practically living on borrowed money.
From March to May 2013, Malvin have once again turn desperate unable to obtain bank loans. He has even turned to borrowing money from unlicensed moneylenders with a 20% per week interest. We are also told by our source that he was “saved” by a loan from his Vietnamese girlfriend. We are not sure how much and whether it’s been repaid.
Mid-May Malvin has started a new company Uber construction and of course E was made the front man. He continued to promise him a payment of 100K at that point of time stating that the SBLC deal would definitely work. Malvin have also made up a lot of stories that E’s co-partner by the name of S such as S was unable to run his own company as he does not have contacts in construction biz. But in actual fact he was the one begging S to help start the manpower business. As we are made known, S was a very capable person a GM of a local construction company here. But Malvin as we all know likes to boast and the stories turn out otherwise. Everything went well as they brought in 4 Foreign workers with actual construction contracts being negotiated all by S himself. During this period my source also told me Malvin has taken possession of Uber’s bank account and even misappropriated the funds for his own expenditures.
Yet trouble brewed from November 2013, as MOM have come knocking on E’s residence doors. Investigation started soon after and the fact E as we all know was the Nominee director of the company and was sent in for questioning. This is also where all the blame game started. Malvin then subsequent to the first interrogation with E, made a phone call to the MOM investigating officer stating that E was the actual Director running the Company, rather than the nominee director instead. Wow, this was when E has woken up and decided something isn’t right about Malvin. Malvin is someone with no substance who would constantly create stories to protect him. And now we all know there will always be a fall guy.
The reason for the investigation was because MOM was curious as to why Uber construction needs to apply for 50 foreign workers within 3 months and whether it is a “shell company”. Well in actual construction businesses, applying for 50 workers is actually a lot. Why the hurry? That’s because Malvin intended to profit from the illegal kickbacks from FW Bangladeshi agencies. It works out to be around S$2k per head and it is extremely illegal under MOM.
It is also about time that we apprehend the con-man Malvin Sanger and hand him to the authorities. As a bankrupt, how is he permitted to solicit funds from innocent Singaporeans and overseas, manipulate his father and other downtrodden Singaporeans for fraudulent banking instruments?
We are also speculating with no evidence at the moment, that the valet service business with Entasia also involves illegal workers with falsely declared information and MOM should further investigate.
As the story is too long there will be a part 2 coming up….very soon