A certified public accountant who swindled over $40 million from several companies now faces a possible life sentence after he was convicted in the High Court yesterday.. Read more at straitstimes.com.
A certified public accountant who swindled over $40 million from several companies now faces a possible life sentence after he was convicted in the High Court yesterday.
In court yesterday, Justice Chan Seng Onn found that Ewe, who did not deny misappropriating the money, had committed the offences"in the way of his business as a professional agent". "The reality of modern society is such that one cannot be expected to undertake all tasks on his own. Therefore, there is wide reliance by the public on professional agents," he said in his grounds of decision.
Instead, he transferred the assets into various bank accounts that had him as an authorised signatory.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Accountant found guilty of misappropriating over S$40m to fund gambling habitSINGAPORE — For over a decade, Malaysian accountant Ewe Pang Kooi, 65, took more than S$40 million from 21 companies and two entities to fund his gambling habit.
Read more »
Accountant found guilty of misappropriating over S$40m to fund gambling habitSINGAPORE — For over a decade, Malaysian accountant Ewe Pang Kooi, 65, took more than S$40 million from 21 companies and two entities to fund his gambling habit.
Read more »
Brussels Jewish museum killer sentenced to life in prisonThe French jihadist who shot dead four people in a terrorist attack at a Jewish museum was on Tuesday sentenced to life in prison by a Brussels court, after prosecutors branded him a 'coward' and a 'psychopath'. Mehdi Nemmouche was convicted last week of 'terrorist murder'
Read more »
Former Vatican Treasurer Pell faces jail sentence for abusing two boysMELBOURNE: Former Vatican Treasurer Cardinal George Pell faces jail on Wednesday (Mar 13) when an Australian court is set to sentence him for ...
Read more »
Instagram back up after several hours; Facebook still down for someInstagram is back up after suffering a partial outage for over several hours, the photo-sharing social network platform said in a tweet, but its ...
Read more »
Latest rejection of May's Brexit deal opens up several scenariosDAILY Mail cartoonist Paul Thomas' slug line in a cartoon for the Daily Mail summed up Britain's Brexit crisis: 'At last, the country is united - NOBODY knows what'll happen next.' Read more at The Business Times.
Read more »
Christchurch shootings: Injured Malaysian hit by several bullets, in critical conditionWELLINGTON: Rahimi Ahmad was performing his Friday prayers at the Masjid Al Noor mosque in Christchurch when deafening gunfire shattered the silence.
Read more »
Temasek to buy minority stake of Danish engineering firm Haldor TopsoeAn agreement was signed on Tuesday, March 12, between Singapore's Temasek and Danish engineering firm Haldor Topsøe Holding A/S, for Temasek to buy
Read more »
Israeli HR tech firm Hibob raises US$20 millionTEL AVIV: Israeli human resources technology startup Hibob said on Wednesday it raised US$20 million in an early funding round, bringing its total ...
Read more »