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Porridge shop owner charged over tax evasion, laundering of assets including Lamborghini, $2.4m cash
SG🏛️ Politicsyesterday

Porridge shop owner charged over tax evasion, laundering of assets including Lamborghini, $2.4m cash

A Singaporean man named Buntono, the owner of Eminent Frog Porridge in Geylang, has been charged with tax evasion and asset laundering involving over $2.4 million in cash, a property, and a Lamborghini. He faces 30 charges, including three counts of money laundering and 27 tax-related offenses. Authorities allege he understated his trade income from 2016 to 2024, leading to significant underpayment of income tax and GST. The Inland Revenue Authority of Singapore and the police conducted a joint investigation, highlighting legal consequences for failing to register for GST. Buntono's case will return to court in August.

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The Straits Times logoThe Straits TimesParty-aligned🔒Centeryesterday
Porridge shop owner charged over tax evasion, laundering of assets including Lamborghini, $2.4m cash

A Singaporean man named Buntono, the owner of Eminent Frog Porridge in Geylang, has been charged with tax evasion and asset laundering involving over $2.4 million in cash, a property, and a Lamborghini. He faces 30 charges, including three counts of money laundering and 27 tax-related offenses. Authorities allege he understated his trade income from 2016 to 2024, leading to significant underpayment of income tax and GST. The Inland Revenue Authority of Singapore and the police conducted a joint investigation, highlighting legal consequences for failing to register for GST. Buntono's case will return to court in August.

Bias read (Center): The article presents factual legal charges against Buntono without overt ideological framing. It reports on a criminal case involving tax evasion and money laundering, focusing on legal procedures and consequences rather than political commentary. While the subject involves financial misconduct, the

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