What was the purported monthly dividend promised to Zhang Qingqiao?

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The Purported Monthly Dividend Promised to Zhang Qingqiao Was S$10,000

Zhang Qingqiao was promised a fixed monthly dividend of S$10,000 as part of a purported investment arrangement designed to help him secure a Singapore employment pass and permanent residency. This payment was intended to be distributed over a period of 36 months. While Zhang did not actively work for the company involved, he did receive these monthly S$10,000 payments for 13 months, which he understood to be a combination of investment principal repayment and dividends.
Details of the Investment Arrangement

The arrangement involved Zhang Qingqiao, a Chinese national, paying S$360,000 as an "investment" to a Singapore company, MW Dynamics, which was owned by Ang Sek Chai. Wang Jue, identified as an immigration agent, presented Zhang with a proposal that outlined the steps for applying for permanent residency through investment. This proposal explicitly detailed the promise of a S$10,000 monthly dividend for three years and the provision of an employment pass.
Role of Wang Jue in the Scheme

Wang Jue played a significant role in facilitating this scheme, which a judge described as sophisticated due to its involvement of finding a participating Singapore company, generating falsified documentation, and sustaining the deception for approximately 18 months. Although her lawyer argued she was merely a middleman connecting high-net-worth individuals with immigration services and business setup assistance, the court found her to be a key player in the conspiracy to submit a false declaration for an employment pass.
Outcome and Appeal

Wang Jue was sentenced to 10 weeks' imprisonment after being convicted of conspiring to make a false statement in an employment pass declaration form. The prosecution had initially characterised her as the mastermind behind the operation. However, Wang is currently appealing both her conviction and the sentence imposed by the court.

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What was the purported monthly dividend promised to Zhang Qingqiao?

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