Financier of insurance bets jailed 10 months, fined $90,000
Published on Nov 14, 2011
http://www.straitstimes.com/STI/STIMEDIA/image/20111114/LeeChinChuan2-maine.jpg
A vegetable seller, who went to the Marina Bay Sands casino to gamble, went on to finance and operate what is believed to be the first private betting syndicate in a casino here. Offering private bets is illegal. -- PHOTO: Singapore Police Force
By Khushwant Singh
A vegetable seller, who went to the Marina Bay Sands casino to gamble, went on to finance and operate what is believed to be the first private betting syndicate in a casino here.
Offering private bets is illegal.
When arrested on June 14, Lee Chin Chuan, 49, had on him $13,200 worth of chips, $4,784 in cash and a cheque for $100,000.
He pleaded guilty to acting as a bookmaker in a district court on Monday and was jailed for 10 months. He was also fined a total of $90,000.
His lawyer Alfred Dodwell said that Lee found out about insurance bets from a friend he met in the casino early this year. The friend explained how these bets worked.
Read the full story in Monday's edition of The Straits Times.
http://www.straitstimes.com/STI/STIMEDIA/image/20111114/LeeChinChuan2-maine.jpg
A vegetable seller, who went to the Marina Bay Sands casino to gamble, went on to finance and operate what is believed to be the first private betting syndicate in a casino here. Offering private bets is illegal. -- PHOTO: Singapore Police Force
By Khushwant Singh
A vegetable seller, who went to the Marina Bay Sands casino to gamble, went on to finance and operate what is believed to be the first private betting syndicate in a casino here.
Offering private bets is illegal.
When arrested on June 14, Lee Chin Chuan, 49, had on him $13,200 worth of chips, $4,784 in cash and a cheque for $100,000.
He pleaded guilty to acting as a bookmaker in a district court on Monday and was jailed for 10 months. He was also fined a total of $90,000.
His lawyer Alfred Dodwell said that Lee found out about insurance bets from a friend he met in the casino early this year. The friend explained how these bets worked.
Read the full story in Monday's edition of The Straits Times.
