SINGAPORE: Three people have pleaded guilty to their roles in a scam in which 1,341 people were duped into paying a total of about $37.5mil (RM113mil) for fake memberships at the Keppel Club. The Business Times first reported the case in December 2014, stating that the Keppel Club, which is more than a century old, had been "rocked by a recent shocking discovery of 'phantom' memberships". On Monday (Dec 4), Deputy Public Prosecutor Hon Yi said that Keppel Club ceased the sale of new transferable memberships in 1989. He said: "Since then, anyone who wishes to become a Keppel Club member has to purchase the membership from an existing member at a mutually agreed purchase price. But the victims paid their fees to third parties and not to Keppel Club.

Source: The Star December 05, 2017 03:00 UTC