Man under police probe for alleged cheating over use of shell companies to avoid rent
Singaporean authorities are investigating an American man for allegedly using shell companies to live in residential properties rent-free. The case has prompted parliamentary scrutiny regarding the misuse of corporate entities for fraudulent activities.
Why it matters
The case underscores the legal risks associated with shell companies and the government's commitment to maintaining corporate integrity and property law enforcement.
Police found grounds to investigate Mr Anthony Thomas Price after reviewing a court ruling that identified a pattern of the American using shell companies to live rent-free, said Senior Minister of State for Law Murali Pillai.
The Kembangan house rented by Noranth Ventures for Mr Anthony Thomas Price and his family. (Photo: Google Maps)
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