Cases of Fraud in Productivity and Innovation Credit Scheme

1 Ms Sylvia Lim asked the Minister for Finance (a) how many cases has IRAS investigated for fraud under the Productivity and Innovation Credit (PIC) scheme since the inception of the scheme; (b) how many Court convictions for PIC fraud have been obtained and what are grant amounts involved in these cases; (c) how many cases of suspected PIC fraud are pending before the Courts; and (d) how many and in what percentage of cases in (a), (b) and (c) are consultants the subject of proceedings.

Mr Heng Swee Keat: As at 31 December 2015, Inland Revenue Authority of Singapore (IRAS) investigated 488 cases for fraud under the Productivity and Innovation Credit (PIC) Scheme. To date, eight cases, involving a total of $213,000 of cash payouts, have been prosecuted. Three cases are pending trial. The 11 court cases do not involve consultants.