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Man jailed for pocketing $1.15m meant for ship purchase

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Man jailed for pocketing $1.15m meant for ship purchase

Published on May 03, 2013

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An Indonesian national was jailed for 21 months on Friday for misappropriating $1.15 million meant for the purchase of a vessel. -- ST POSED PHOTO: WANG HUI FEN

By Elena Chong

An Indonesian national was jailed for 21 months on Friday for misappropriating $1.15 million meant for the purchase of a vessel.

Ng Tjeu Fen, 64, had been on the run since 2001 and was arrested at Changi Airport when he tried to enter Singapore last November.

He admitted to criminal breach of trust of three United Overseas Bank cheques totalling $1.15 million at Apollo Centre, Havelock Road, between Aug 30 and Sept 1, 2001.

A district court heard that Ng, a director of PT Putra Majesindo Lestari (PML), managed to source a vessel for government officials from Sabang City in Acheh. The vessel cost eight million Indonesian rupiah.

Get the full story from The Straits Times.

 
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