Man jailed for criminal breach of trust amounting to $100k

Man jailed for criminal breach of trust amounting to $100k

TheMerlionPost·2017-12-14 02:40

Read up on the latest news >>>

A 35-year-old man by the name of Cai Yun was sentenced to 22 months’ jail on Wednesday, 13 December 2017 after admitted to three charges of cheating and two counts of criminal breach of trust.

Cai was jailed 22 months for his crimes involving S$99,245.34. On top of that, a total of sixteen other charges for similar offences involving S$16,642.26 were considered during sentencing. Cai was working as an accountant for telecommunication equipment at Singapore Oppo Electronics.

When he was entrusted with depositing cash from the company safe to the company’s bank account on 26 September last year, Cai helped himself to S$33,386.69 of cash from the safe. Cai took the money home and did not report for work the next day. When the finance manager of the firm discovered the missing cash, she alerted the managing director and they awaited Cai’s turn-up.

However, the accused did not appear and remained uncontactable. On the contrary, Cai texted his colleagues mentioning that he was away as he had been a victim involved in snatch theft.

The firm later uncovered that Cai had taken another sum of S$35,000 from the company safe between 22 and 26 September 2016. The police were alerted. Upon heading to Cai’s home on 28 September 2016, the officers recovered S$52,017.65 worth of cash from his bedroom.

Backtracking to the year 2011, Cai had committed multiple cheating offences while working as an accountant assistant at E-T-A Asia Pacific. The cheating offences involve Cai making several unauthorised travel bookings under the firm’s account. The three cheating charges Cai admitted to had amounted to S$12,980.80.

In another incident in 2013, Cai had pocketed S$700 worth of pay for an intern. As he held the position of a senior account executive at recycling company Resourceco Asia. In addition, Cai had also taken S$535.59 worth of petty cash when he was there.

For each count of cheating, Cai could have been jailed for up to 10 years and fined.

(Image Credit: Derry Daily)

Read up on the latest news >>>

Get the sweetest deals here >>>

Satisfy your belly at these places >>>

Entertain yourself with these latest movies >>>

……

Read full article on TheMerlionPost

Singapore Crime Theft Money