The suspect had received large sums of money from victims to buy luxury watches. Read more at straitstimes.com.
SINGAPORE - A 26-year-old man has been arrested and will be charged in court on Monday for allegedly misappropriating money and stealing luxury watches worth a total of about $1.6 million.
He went on to allegedly misappropriate the funds given to him and steal several luxury watches from the shop, then pawned them in exchange for cash, the police added. The suspect will be charged in court with the offence of criminal breach of trust by an employee, added the police. If found guilty, he could be fined and jailed for up to 15 years.
The plaintiffs – four businessmen and professionals from Hong Kong, and a company registered in the territory – claimed that high-profile watch expert Dominic Khoo and his company had breached their respective investment agreements and made misrepresentations.
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