Ex-assistant store manager accused of $160k criminal breach of trust

[Windsorlou]

Ex-assistant store manager accused of $160k criminal breach of trust

Published on Mar 26, 2012
By Elena Chong

A former store assistant manager of a watch company was charged in court on Monday with criminal breach of trust of almost $160,000.

Cheng Yeou Sim, 29, is alleged to have pocketed a sum of $159,922 belonging to Dickson Watch and Jewellery Company at the Wisma Atria outlet in Orchard Road between September and November last year.

The case was adjourned for a week for him to engage counsel.

He will be back in court on April 2.

Read the full story in Monday's edition of The Straits Times.

 

[rockwhisky]

 

[hokkien]

He should know that there is no way to run.Bodoh

 

[rockwhisky]

He should know that there is no way to run.Bodoh

i think he already mentally prepared, owe big time out there and have no choice lah, if loan $$$ from loan shark family members kenah harrass.

 

[rockwhisky]

He should know that there is no way to run.Bodoh

:*: cortina guy took $13m also have to surrender, he only $160k, run to pulau ubin ah?

 

[Imperial Shuttle]

Former assistant store manager jailed for embezzling $160K

Published on May 2, 2012
By Khushwant Singh

As Assistant store manager with Dickson Watch and Jewellery, Cheng Yeou Sim, 29, was entrusted with the sales proceeds of its Wisma Atria outlet.

However, the 29-year-old pocketed a total of $160,000 over a three-month period in 2011 and on Wednesday, he was jailed two years for criminal breach of trust.

He had pleaded guilty to misappropriating the money that his salesmen had handed to him from the sale of 10 Rolex watches at the Wisma Atria outlet.

Discrepancies in the sales transactions were noticed on Nov 29, 2011.

Read the full story in Wednesday's edition of The Straits Times.

 

[rockwhisky]

2 yrs jail after 1/3 remmission = 16 mths

 

[rockwhisky]

AsiaOne
Wednesday, May 02, 2012
SINGAPORE - A former assistant store manager of Dickson Watch and Jewellery pleaded guilty to pocketing a total of $160,000 over a three-month period in 2011.

He misappropriated money that his salesmen had handed to him from the sale of 10 Rolex watches at the chain's Wisma Atria outlet, The Straits Times reported.

For criminal breach of trust, Cheng Yeou Sim, 29, was jailed two years.

The discrepancies in sales transactions were only discovered in Nov 2011.

When confronted by the general manager, Cheng confessed to taking the money as he needed the cash urgently.

The court heard he used the cash to pay off loansharks who were hounding him.

Asking for leniency, he told District Judge Lee Poh Choo that he had been guarantor for a friend who had disappeared without paying the loans.

He could not afford to hire a lawyer nor make any restitution.

[email protected]

 

[hokkien]

16 mths consider ok liao