40 years in prison to fully own and drive a Murci

[Ithunk]

A FORMER senior official facing multiple charges of defrauding the Singapore Land Authority (SLA) to the tune of $12 million is now believed to have started his alleged crime spree much earlier in his career.

 

A widening probe into Koh Seah Wee's background has turned up new allegations of cheating involving $286,000 at a second statutory board. Now, the police are going even further back into his past for signs of wrongdoing on the job.

 

Koh, 40, who is known to have splashed out on luxury cars, condominium apartments and unit trusts, joined the Infocomm Development Authority (IDA) in 1997. Over the next 11 years he was posted to various agencies, assuming positions as senior as deputy director.

 

The IDA sent him first to the Supreme Court, from 1997 to 2004. Next, he went to the Intellectual Property Office of Singapore (Ipos), a statutory board under the Ministry of Law, from 2004 to 2007.

 

He was next at the SLA, from 2007 until March this year. He returned to the IDA in April, resigned the following month, and was arrested last month.

 

Eight new charges against him yesterday allege that he tricked Ipos into paying out $286,000 to a computer firm for goods and services that were never delivered, bringing the total number of charges against him so far to 302.

 

Read the full story in Saturday's edition of The Straits Times.

 

SUSPECTS CHARGED SO FAR

 

* Koh Seah Wee has been charged with 294 counts of defrauding SLA between January 2008 and March this year.

 

* A manager in the department, Christopher Lim Chai Meng, 37, faces 309 charges.

 

* Five people from supplier firms were charged early this month in connection with the alleged fraud at SLA. They are Tan Peng Chong, 46, the owner of Advent Enterprise; Tan Meng Teck, 42, Png Teck Soon, 48, and Seah Hwee Thong, 47, all of TPL Communications; and Anthony Xavier Foo Doon Tong, 42, of Ribbons & Rolls Marketing Services.

 

source

http://www.straitstimes.com/BreakingNews/S...ory_605419.html

[Kiadaw]

Even thought what he did was downright wrong & corrupted, 40 years seems a bit too much. IMO.

[Ithunk]

Chia Teck Leng is 42 years in prison

 

On 2 April 2004, Chia Teck Leng was sentenced to 42 years in jail, the longest jail term meted out for the largest case in commercial fraud in Singapore to date. Chia was a finance manager at Asia Pacific Breweries when he forged documents to swindle banks out of S$117 million over four years to feed his gambling addiction. Previously, the worst commercial fraud case was held by Singapore Airlines' employee Teo Cheng Kiat, who embezzled S$35 million from the airline for over 13 years. He was convicted in 2000 and jailed for 24 years for the crime.

 

Description

The accused

Chia was an accountancy graduate who began his career at the, now-defunct accounting and consultancy firm, Arthur Andersen. He moved on, attaining several top positions in various companies including the post of assistant vice-president at the United Overseas Bank, a mergers-and-acquisitions manager at Jack Chia-MPH and a financial controller at Swire Pacific Offshore Services. He then joined Asia Pacific Breweries (APB) on 20 January 1999 as its finance manager. APB is considered one of the region's largest breweries with sales of $372.7 million and an after-tax profit of $38.6 million in 2001. The job required him to travel and paid him a tidy salary of between $200,000 and $300,000 a year.

 

By all accounts, Chia, 44, was said to be a non-descript, mid-level executive who got along well with his colleagues. He lived with his wife, a teacher, and their two teenage sons in a St Francis Lodge condominium, off Serangoon Road. Little did his colleagues and family knew that the hard-working executive Chia was leading a double life. Chia was a frequent patron of casinos in Australia, Britain, Hong Kong, Malaysia, Cambodia and the Philippines. He was so well- known in some casinos that the casino operators would personally invite him to their betting halls and fly him there in their private jets. He was known to get the VIP treatment at the Crown Casino in Melbourne, Australia, and even stayed in its most expensive room costing A$25,000 a night on his visits there. The gambler Chia even had a Chinese national girlfriend, 23 year old, Li Jin, whom he considered his lucky charm.

 

Chia had been a habitual gambler since 1994. Over the years, he swung from being plunged deep into gambling debts to winning large sums of money. However, his luck turned for the worse in 1998. In a two-week gambling spree, he lost all his previous winnings of $1 million, and chalked up new debts. By the time he joined APB in 1999, he was heavily indebted.

 

The charges

Chia was accused of forging documents, cheating several banks over a period of four years, between February 1999 to March 2003. The forged documents, known as certified extracts of board resolutions, deceived the banks into extending him credit and loan facilities in the name of APB, with him as the sole signatory. He forged signatures of top APB executives, like its chief executive Koh Poh Tiong, and then-Fraser and Neave's managing director, Tan Yam Pin. Fraser and Neave owns 37.9 % of APB.

 

Chia was arrested on 2 September 2003 by the Commercial Affairs Department. He was first charged in court on 4 September, on two counts, one of cheating and one of forgery involving S$3 million. He was first accused of cheating a Scandinavian bank, Skandinaviska Enskilda Banken (SEB) in February 1999 of giving him $3 million in credit. As investigations continued, more charges were levelled against him.

 

By 11 September 2003, he faced eight new charges. He was accused of cheating four banks into giving him a total credit of about S$113 million; one Scandinavian bank, two Japanese banks, and one German bank.

 

On 17 September 2003, 18 more charges were added on. These included new charges of money withdrawals from banks, such as US$25 million from SEB, and US$10 million from Sakura Bank.

 

On 24 September, he was charged with four more counts of forgery. This time of opening a schedule of fixed deposit with Citibank, and transferring legitimate funds from APB's OCBC bank account to the fictitious Citibank account.

 

Thus, Chia faced 32 charges by the end of September. He was also denied bail in October, fearing he would abscond if released as he was known to have overseas personal bank accounts of which he had refused to divulge details to investigators. The charges against him did not abate and on 5 December 2003, 14 new charges were added to the existing 32, bringing the total number of charges against Chia to 46.

 

The 46 charges comprised 14 charges of forgery and 18 of cheating four foreign banks of about S$117 million, four charges of criminal breach of trust of S$53 million, two of money-laundering, and eight of abetting his girlfriend, Li Jin, to use a forged passport. Li, purportedly used the forged Taiwanese passport to enter and leave Singapore between November 2002 and January 2003. With the embezzled money, Chia was said to have led a high-spending lifestyle, lavishly buying branded goods for himself, his girlfriend and his friends. For instance, he bought a $150,000 Mercedes Benz, a $530,000 apartment in Grange Road, and gave gifts totalling more than $300,000 to various people.

 

With these 46 charges facing Chia, he was ordered to stand trial in the High Court on 26 March 2004 in what is considered the biggest case of financial fraud in the history of Singapore.

 

The sentence

On 2 April 2004, Chia was convicted by the High Court after pleading guilty to six charges of forgery and eight charges of cheating. Another 32 charges were considered during sentencing. High Court Judge Tay Yong Kwang sentenced him to 42 years in jail, the longest jail term ever given out for a commercial crime. In all, Chia had swindled the banks of more than S$117 million, losing S$62 million in casinos around the world. Only S$34.8 million has so far been recovered.

 

Judge Tay noted how Chia had managed to deceive banks undetected over a period of four years, reiterating the prosecution's stand that Chia's crime was the work of a "criminal genius". He dismissed Chia's mitigating plea that the banks were the ones who had approached him first, offering to lend him cash; that the banks had been too naive, trusting and negligent, making it easy for him to commit the crimes. Judge Tay emphasised that bankers are eager to forge business relationships, and not be the unwitting victims of forgery. Judge Tay had also presided over the case of commercial fraud by Singapore Airlines' employee, Teo Cheng Kiat which had previously been regarded as the worst case of commercial fraud.

 

source

http://infopedia.nl.sg/articles/SIP_422_2005-01-25.html

[Ithunk]

Even thought what he did was downright wrong & corrupted, 40 years seems a bit too much. IMO.

 

maybe about 30 years

[Ghostami]

This might be the tip of the iceberg of others. Shows that even with high pay, corruptions will occur, but at a bigger scale.

[Ithunk]

if Koh Seah Wee is released from jail he will be 65, still can work, if he is given a 25 to 30 year prison sentence

[Nerdyfrog]

40 years should be the accumulative sentence derived from the assessment of each count of charge.

[Ahtong]

Even thought what he did was downright wrong & corrupted, 40 years seems a bit too much. IMO.

 

There are 2 unforgivable crimes in this country. First is to criticize the govt. Second is to cheat their money.

 

[Tigershark1976]

Even thought what he did was downright wrong & corrupted, 40 years seems a bit too much. IMO.

 

 

no lah, 40 yrs is never too much.. in SG, nvr try to cheat the gov... the penalty is nvr light. Just try to tempere 1 pc of 50 cents parking coupon n u can ended up in jail if u dun hv the money to pay the heafty fine...

[Carpinion]

There are 2 unforgivable crimes in this country. First is to criticize the govt. Second is to cheat their money.

 

 

[SimonTan]

Its not worth it once he is caught.

I mean he could have taken to money to aussie to retire.

I know of many many singaporeans who wished they just have 1million in liquid cash, to retire.

This man go so much more and yet cannot stop in time and planned for his getaway.

 

I think when he come out hw will be to old to enjoy the money, assuming 25 years in prison, he would be 65 when he come out. His wife would have found another man. His children will have married and have their own family. He will be alone with his remaining monies.

[SimonTan]

Its not worth it once he is caught.

I mean he could have taken to money to aussie to retire.

I know of many many singaporeans who wished they just have 1million in liquid cash, to retire.

This man go so much more and yet cannot stop in time and planned for his getaway.

 

I think when he come out hw will be to old to enjoy the money, assuming 25 years in prison, he would be 65 when he come out. His wife would have found another man. His children will have married and have their own family. He will be alone with his remaining monies.

 

[Ithunk]

Its not worth it once he is caught.

I mean he could have taken to money to aussie to retire.

I know of many many singaporeans who wished they just have 1million in liquid cash, to retire.

This man go so much more and yet cannot stop in time and planned for his getaway.

 

I think when he come out hw will be to old to enjoy the money, assuming 25 years in prison, he would be 65 when he come out. His wife would have found another man. His children will have married and have their own family. He will be alone with his remaining monies.

 

even if he goes to aussie, Interpol will look for him

 

like the lawyer david rasif

[Ithunk]

repeated post

Edited November 20, 2010 by Ithunk

[Little_prince]

if he cheat other ppl then he'll probably be out in 10 max 20yr

 

he cheat govt, rot inside....

 

hahaha