Woman admits siphoning $1.2m from employer
Published on Feb 6, 2015 5:57 PM
By Elena Chong
SINGAPORE - An accounts clerk of a company submitted fake petty cash claims and misappropriated a total of $1.2 million over 10 years, a district court heard on Friday.
Ho Fong Peng, 42, who faced 11 counts of criminal breach of trust as a servant, pleaded guilty to four charges involving a total of $778,063 between 2005 and 2008.
She was employed by Way Company, which imports and exports hair care and beauty products, at the time.
The court heard that in April 2010, the company's chairman, Mr Ang Kong Meng, 63, had instructed the business development manager to check the monthly carpark reimbursements to its sales staff which were handled by Ho.
