Unremarkable family man cheated millions from banks

Unremarkable family man cheated millions from banks

CrimeLibrarySingapore·2018-02-18 17:05

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Living in a Serangoon Road condominium with his wife and two teenage sons, Chia Teck Leng appeared to most as an unremarkable family man, with all the trappings of upper middle-class Singapore.

But unbeknownst to his friends and family, Chia secretly led a double life as a high-rolling hustler, complete with flashy cars, luxury apartments and a girlfriend half his age.

He was the darling of offshore casinos — gambling operators would personally fly him in on private jets so he could have a flutter in their betting halls.

To feed and fund his gambling addiction, he swindled four foreign banks out of $117 million, using his position as the financial manager of Asia Pacific Breweries (APB). The case at that time was Singapore’s biggest involving commercial fraud.

The 44-year-old was sentenced to 42 years in jail by High Court Judge Tay Yong Kwang — the longest for a case of commercial fraud.

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Singapore Crime Corruption