Director of imported vehicle company fined and sentenced to jail for fraud

A company director was fined S$1,068,000 and sentenced to two months’ jail by the Singapore State Courts for under-declaring the value of motor vehicles imported into the country.

59-year-old Singaporean Thiyambarawatta Subash Indrajith received his sentence on 24 April 2026, according to a joint media release by Singapore Customs and the Land Transport Authority (LTA) on 5 May.

Subash is the director of Concordway, a company which imports motor vehicles from suppliers in Japan and the United Kingdom.

The company also helps individuals source and import vehicles from overseas suppliers through Subash’s contacts.

Company director declared supressed values to evade duty and GST

Subash under-declared the values of 34 motor vehicles imported into Singapore between Oct 2018 and Feb 2024.