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S’pore woman arrested for allegedly taking S$1.4 million from company funds to pay scammer

She transferred the money for a parcel of cash and valuables that never arrived.

Matthias Ang | October 12, 10:35 am

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A 42-year-old accounts manager in Singapore has been arrested for allegedly misappropriating S$1.4 million from her company’s funds to pay her scammer.

She will be charged in court on Saturday (Oct. 12).

Paid scammer for a parcel of cash and valuables

According to a police statement, the woman allegedly transferred the money to the scammer in the hopes of receiving a parcel of cash and valuables, but it did not arrive.

She then lodged a police report on Oct. 10 regarding the matter with her “online friend”.

Transferred a total of S$1,426,718 from company funds

However, further investigations revealed that she had misappropriated S$1,426,718 from company funds to pay the scammer, in her capacity as an accounts manager.

She was therefore arrested on charges of criminal breach of trust as a servant.

Looking at a potential jail term of up to 15 years

Under Section 408 of the penal code, criminal breach of trust as a servant is punishable with a jail term of up to 15 years, as well as a fine.

Victims in S’pore lost S$83.1m to scammers in first half of 2019, 40% more than same period last year

Top photo by Sean Lim via Unsplash

About Matthias Ang

Matthias is that annoying guy whose laughter overshadows the joke.

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