https://www.straitstimes.com/busine...ears-ex-girlfriend-quah-su-ling-gets-20-years
Soh, 63, has been in remand since November 2016, while
Quah, 58, the former chief executive of Ipco (now renamed Renaissance United), is out on bail of $4 million.
Soh the mastermind will be 99 years old if he serve his full sentence. Lol... with good behaviour, he can look forward to being free at 90?
in SG , Prison terms are different from others.
Life Imprisonment , for Eg , means around 20 years....then can apply for Parole.
Soh should be out in about 10 years to enjoy his billions $ .
.
Tiagong ,
Soh 's prison mate Chia is eligible for parole ?
.
Longest jail term for the worst case of commercial fraud
by
Nureza Ahmad
On 2 April 2004, Chia Teck Leng was sentenced to
42 years in jail in the largest case of commercial fraud in Singapore, to date. The jail term is also the longest ever meted out for a commercial crime. Chia was a finance manager at Asia Pacific Breweries when he forged documents to swindle $117 million from banks over four years, to feed his gambling addiction. Before him, the worst commercial fraud was committed by
Singapore Airlines’ employee Teo Cheng Kiat, who embezzled $35 million from the airline over 13 years. He was convicted in 2000 and jailed for 24 years for the crime.1
The accused
Chia was an accountancy graduate who began his career at the now-defunct accounting and consultancy firm, Arthur Andersen. He went on to hold several senior positions in various companies, including assistant vice-president at the United Overseas Bank, mergers-and-acquisitions manager at Jack Chia-MPH, and financial controller at Swire Pacific Offshore Services. He joined Asia Pacific Breweries (APB) on 20 January 1999 as its finance manager. APB was then 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 Chia to travel, paying him a generous salary of between $200,000 and $300,000 a year.2