Tuesday, April 03, 2012

Man jailed six years for cheating former employer

SINGAPORE: A man has been sentenced to six years' jail for cheating his former employer of more than S$500,000.

Thirty-seven-year-old Mohd Azmi Ishak used the ill-gotten money to pay off his debt and personal expenses.

Mohd Azmi stole almost S$587,000 from Japanese firm Itochu Logistics between 2008 and 2009.

He joined the company in March 2008 as accounts manager, drawing a monthly salary of S$3,300.



Investigations showed that he was facing financial difficulty due to credit card debts and other loans.

He started misappropriating money from the company by using pre-signed cheques issued to him by the firm's managing director.

The MD, Mr Iwasaki Yuji travelled extensively and would pass the accused 10 to 20 pre-signed cheques in case urgent payment was required.

Between November 2008 and October 2009, the accused helped himself to 16 pre-signed cheques, cheating the firm of more than S$265,000.

Mohd Azmi also misappropriated more than S$205,000 on 10 occasions from February 2010 to September 2010.

The third charge of misappropriating some S$116,000 from November 2010 to April 2011 was taken into consideration.

His misdeeds were discovered when the firm hired external auditors in May last year.

In sentencing, district judge Wong Choon Ning noted that restitution of S$17,000 was made through a civil suit filed by the firm.

She also took into consideration the accused's criminal records.

He was formerly convicted of cheating and sentenced to 15 months' jail.

The judge told Mohd Azmi that the previous sentence was "a very clear signal" that he should not commit crimes again.

She pointed out that the sums involved in the current case were large.

The judge added that it is sad he did not cherish the chance to turn over a new leaf, but chose instead to betray the trust of his then employer.

Mohd Azmi could have been jailed up to 15 years and fined on each count.

View the original article here

Source From Channel News Asia

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