Singapore: Lal Offshore Marine posts intention to declare dividend

A notice of intention to declare dividend of Lal Offshore Marine Pte. Ltd. (Co. Reg. No. 200513692G) to its creditors has been posted according to a Friday (1 November) notice from the Government Gazette.

Name of Company: Lal Offshore Marine Pte. Ltd. (In Liquidation)
Address of Registered Office : 600 North Bridge Road, #23-01 Parkview Square, Singapore 188778
Last Day of Receiving Proofs : 18th day of November 2024
Names of Liquidators : Leow Quek Shiong, Gary Loh Weng Fatt
Address of Liquidators : c/o BDO Advisory Pte. Ltd., 600 North Bridge Road, #23-01 Parkview Square, Singapore 188778

According to a The Straits Times report in February 2023, Vignish Vijelal, former director of a shipbuilding company, Lal Marine & Construction (LMC), was sentenced to five years’ jail, after he cheated a financing firm, Capital March Platform (CMP), of over $1.3 million by using 10 fake invoices.

Each invoice was accompanied by a work order purportedly between LMC and offshore structure builder Keppel Fels. However, there was no contract between LMC and Keppel Fels in relation to the painting and blasting works stated on the 10 work orders.

Instead, for each of the 10 LMC work orders, there was a corresponding genuine work order between another firm – Lal Offshore Marine (LOM) – and Keppel Fels.

LOM was the sister company of LMC at the time of the offences, and Vignish and his father were directors at LOM.

Photo credit: Drew Beamer
Published: 4 November, 2024