A Russian national has been sentenced to four weeks imprisonment for engaging in a conspiracy to cheat various banks, according to a statement released by the Corrupt Practices Investigation Bureau (CPIB) on Sept 8.

53-year-old Koryagin Vadim was convicted of acts committed between 2014 and 2017 when he served as director of MEA Business Solutions.

MEA provided services relating to the incorporation of companies and setting up corporate bank accounts in Singapore. 

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