Man jailed for helping to launder $700,000 loot

[Alto Saotome]

Man jailed for helping to launder $700,000 loot

Published on Apr 4, 2012
By Khushwant Singh

Three men broke into a container on a ship at Jurong Port and stole 1 million Fiji dollars (S$709,000).

The stolen money, all in $20 denomination, was part of a shipment of 202 million Fiji dollars newly printed notes en route to Fiji.

The loot was handed to a fourth man who approached Sanjay Krishnan to help convert 540,000 Fiji dollars into Singapore dollars.

On Wednesday, the 30-year-old video editor was jailed a year. He had pleaded guilty in March to possessing, transferring and converting stolen property.

Court documents indicate that the three workers stole the cash on Aug 19, 2010 from a ship en route from London to Suva, the capital of Fiji.

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

 

[Alto Saotome]

Man jailed a year for laundering loot in million Fiji dollar heist

Published on Apr 5, 2012

Sanjay Krishnan was jailed a year for helping to convert 540,000 Fiji dollars into Singapore dollars. He received $30,000 for his role but has returned the money to the Reserve Bank of Fiji. -- ST PHOTO: WONG KWAI CHOW

Three men broke into a container on a ship docked at Jurong Port in 2010 and stole one million Fiji dollars (S$713,000).

The money, all in $20 notes, was part of a shipment of newly printed currency worth 202 million Fiji dollars en route from London to the Pacific island nation.

The three men worked in the port. The loot was handed to a fourth man who approached video editor Sanjay Krishnan to enlist his help in converting 540,000 Fiji dollars into Singapore dollars.

He did that and, on Wednesday, the 30-year-old was jailed for a year. He pleaded guilty last month to possessing, transferring and converting stolen property.

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