Ithunk 1st Gear October 28, 2011 Share October 28, 2011 guess parts of the 2million were recovered as he came clean, also from the sale and recovery of the porsche GT3 An M1 account manager was jailed six years in total for criminal breach of trust and money laundering. Matthew Yeo Kay Keng, 35, had siphoned $2 million in two years from the telco by selling stolen phones to third parties. RELATED STORIES * Telco sues over 'M1ssing M1llions' Between 2008 and 2010, Mr Yeo misappropriated 3,085 handsets. He created subscription contracts for mobile services supposedly for corporate customers. He then sold off the handsets at close to retail prices to resellers after pretending he would personally deliver the phones to customers. M1 discovered the offenses during an internal reorganisation. Mr Yeo is also said to have told M1 that he also spent the money on a Patek Philippe watch worth $50,000, three Rolex watches worth $8,000 each, and four Audemars Piguet watches worth between $15,000 and $30,000 each. He also bought Porsches and even invested $300,000 in a science-fiction movie project. http://news.asiaone.com/News/AsiaOne%2BNew...028-307465.html ↡ Advertisement Link to post Share on other sites More sharing options...
Expertz 1st Gear October 28, 2011 Share October 28, 2011 i'll be the first to say this, this m1 guy will receive a harsher sentence than the SLA guy! Link to post Share on other sites More sharing options...
Ender Hypersonic October 28, 2011 Share October 28, 2011 He got it off quite lightly.. 6 years is not too bad, at least come out still a middle age guy..Lucky his amount is not as scary as the SIA and Asian Brewery guy, else he may be release as a grandfather. Link to post Share on other sites More sharing options...
Mllcg 3rd Gear October 28, 2011 Share October 28, 2011 then the missing money take back by M1? or he get to keep? Link to post Share on other sites More sharing options...
Good-Carbuyer 1st Gear October 28, 2011 Share October 28, 2011 He got it off quite lightly.. 6 years is not too bad, at least come out still a middle age guy..Lucky his amount is not as scary as the SIA and Asian Brewery guy, else he may be release as a grandfather. I believe these millionaire-jailbirds respected in jail for hot tips. Link to post Share on other sites More sharing options...
Ngck 3rd Gear October 28, 2011 Share October 28, 2011 i'll be the first to say this, this m1 guy will receive a harsher sentence than the SLA guy! no way... the SLA group malu the whole civil service... they will not let him off.... unless he is well connected... like direct descendent of some really big shot ↡ Advertisement Link to post Share on other sites More sharing options...
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