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Island wide white collar crime crackdown nabs 39

Rogue Trader

Rogue Trader

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39 white-collar criminals arrested in massive operation
By Dylan Loh | Posted: 11 August 2011 2240 hrs​
SINGAPORE: Police have arrested 39 white-collar criminals after a two-day island-wide operation.

The 30 men and nine women are aged between 15 and 58.

In the operation, officers conducted raids at multiple locations, including Sengkang, Choa Chu Kang, Toa Payoh, Jurong West, Yishun, and Pasir Ris.

Those arrested committed offences like criminal breach of trust as a servant, forgery for the purpose of cheating, and various other cheating-related offences.

In one case, a 48-year-old man allegedly misappropriated some S$11.7 million from his employer.

He sold off his employer's materials and pocketed money from the sales.

The man apparently wanted to pay off debts and used the money for personal expenses.

11 of those arrested will be charged in court while investigations on the rest are ongoing.

- CNA/ck
 
jw5

jw5

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In the past, we would get such operations for crimes like hard core blue collar crimes like smuggling, drug trafficking, prostitution, illegal gambling, etc.

These days, "island wide white collar crime crackdown"?

Are there now syndicates which have many people committing fraud or money laundering etc at the same time? Or is it a syndicate of ah tiong "fortune tellers"?
This is worrying and I'm willing to bet that a large part of these include foreigners. The useless types of course.

Now that they have opened the floodgates, not only are the hardworking construction workers and foreigns ceos coming in, but so is the m&d and trash.
Before they continue telling us to integrate with them, can they arrange to have dinner with their families first? The conmen and fraudsters with the miws and their families.
 
Muthukali

Muthukali

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jw5 said:
In the past, we would get such operations for crimes like hard core blue collar crimes like smuggling, drug trafficking, prostitution, illegal gambling, etc.

These days, "island wide white collar crime crackdown"?

Are there now syndicates which have many people committing fraud or money laundering etc at the same time? Or is it a syndicate of ah tiong "fortune tellers"?
This is worrying and I'm willing to bet that a large part of these include foreigners. The useless types of course.

Now that they have opened the floodgates, not only are the hardworking construction workers and foreigns ceos coming in, but so is the m&d and trash.
Before they continue telling us to integrate with them, can they arrange to have dinner with their families first? The conmen and fraudsters with the miws and their families.
Click to expand...

U last time CPIB or CAD?
 
Rogue Trader

Rogue Trader

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Looks like they are all connected since it's an island wide crackdown... but the press iss not revealing details for obvious reasons..
 
G

Glaringly

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Strange indeed.

Can accumulate white collar crimes that are not related and then go catch them at one swipe?

So, now white collar crimnials must jaga for tips of raids.
 
G

Glaringly

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Rogue Trader said:
Looks like they are all connected since it's an island wide crackdown... but the press iss not revealing details for obvious reasons..
Click to expand...

Those arrested committed offences like criminal breach of trust as a servant, forgery for the purpose of cheating, and various other cheating-related offences.

Does not seems to be that they are related.
 
Microsoft

Microsoft

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Dis i realli dun get it...if he managed 2 misappropiate 11.7 million...how cum still hang around n pay off debts? Run road asap leow lah dey...:confused::biggrin::biggrin:
 
Rogue Trader

Rogue Trader

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Man accused of misappropriating over S$11m
By Shaffiq Alkhatib | Posted: 12 August 2011 1416 hrs​

SINGAPORE: A man has been charged with misappropriating more than S$11 million of his employer's money.

Forty-eight-year-old Low Kok Leong, a warehouse manager with steel company ArcelorMittal, allegedly committed the offences between March 2008 and August 2010.

Low, who faces a total of three charges, was offered a bail of S$3 million.

He will be back in court on August 19.

If convicted of criminal breach of trust, he could be jailed up to 15 years and fined for each charge.

- CNA/cc
 
Rogue Trader

Rogue Trader

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Seems like the warehouse manager is selling off inventory and pocketing the proceeds.

Steel is one of the trickiest inventory types for businesses to track since there is no industry standard unit of measurement. Some go by pieces, weight, or length....
 
drifter

drifter

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looks like the goverment is very hungry ...just want to send ppl to court for paying the fines ....
 
G

GoldenDragon

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More likely the raids were coordinated. More arrests this way. More impressive. In a nutshell, they timed the multiple arrests to look good. Won't make headlines if raids were not timed and coordinated. Nothing spectacular. Just a cheap trick.
 
zeddy

zeddy

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Rogue Trader said:
Man accused of misappropriating over S$11m
By Shaffiq Alkhatib | Posted: 12 August 2011 1416 hrs​

SINGAPORE: A man has been charged with misappropriating more than S$11 million of his employer's money.

Forty-eight-year-old Low Kok Leong, a warehouse manager with steel company ArcelorMittal, allegedly committed the offences between March 2008 and August 2010.

- CNA/cc
Click to expand...


Think Arcelor Mittal belongs to a very rich Indian Ah Neh based in the UK... Maybe the bugger should have just left Spore after misappropriating that kind of huge money...
 
Narong Wongwan

Narong Wongwan

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zeddy said:
Think Arcelor Mittal belongs to a very rich Indian Ah Neh based in the UK... Maybe the bugger should have just left Spore after misappropriating that kind of huge money...
Click to expand...

Stole it over two years 'little' at a time.......tempt to stay to carry on milking.........like the SIA guy........probably living a luxury double life during this time......
 
Last edited:
songsongjurong

songsongjurong

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these are regular revenue generating, upon sentence, electronic tag on ankle, meals, shelter, medical, 'security' at residence...[settle own]

no wonder most fighting,rioting case are 'served with warning' only.
 
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