How many months did Zhang Qingqiao actually receive monthly payments from MW Dynamics?

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Zhang Qingqiao Received Payments for 13 Months Under Sham Arrangement

Zhang Qingqiao received monthly payments from MW Dynamics for a period of 13 months. These payments were part of a fraudulent scheme designed to secure an employment pass for him, ultimately to facilitate his application for Singapore permanent residency. The arrangement promised a fixed dividend and an employment pass, but Zhang did not perform any actual work for the company.
Sham Investment Provided Employment Pass

The core of the scheme involved Zhang Qingqiao paying S$360,000 as an "investment" with the promise of a fixed dividend of S$10,000 per month for 36 months. In return, he was to receive an employment pass from MW Dynamics, which was the primary benefit sought to aid his permanent residency application in Singapore. While the arrangement was presented as an investment, it was deemed a sham by the court, with the employment pass being the only tangible outcome.
Payments Represented Investment Repayment and Dividends

Despite not working for MW Dynamics, Zhang Qingqiao received the promised S$10,000 monthly payments for 13 months. He stated that these payments constituted the repayment of his initial investment principal along with dividends, as outlined in the agreement. This continued disbursal of funds, even without actual employment, underscored the nature of the deceptive arrangement.
Scheme Involved False Declarations and Deception

The court heard that Wang Jue, identified as a Singapore citizen and described as a key player, was convicted of conspiring to make a false statement in an employment pass declaration form. This false declaration asserted that Zhang would be employed by Ang Sek Chai's company, MW Dynamics. The scheme was described as sophisticated, involving the identification of a participating Singapore company, the creation of fabricated documents, and the continuation of the deception for approximately 18 months.

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How many months did Zhang Qingqiao actually receive monthly payments from MW Dynamics?

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