CCB CASINO LED TO SG CRIMES a solid example in court

[minibond]

http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_622516.html

Singapore
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Jan 10, 2011
Manager jailed for $20,700 criminal breach of trust
By Elena Chong

Charles & Keith's executive, Michael Ng, gambled away $20,733 from the outlet's daily sales collections and will be jailed for criminal breach of trust. -- ST FILE PHOTO

A LOCAL shoe-chain executive who gambled away $20,733 from the outlet's daily sales collections was jailed for nine months on Monday for criminal breach of trust.

Michael Ng, 25, an Indonesian, was working at Charles & Keith's Suntec outlet at Temasek Boulevard when he committed the offence between Sept 13 and 24 last year.

The court heard that he was supposed to bank in the daily sales of the company's outlet but instead used the money to feed off his gambling habit.

He would take the daily proceeds and 'try his luck'' at the casinos. But he lost all the money.

He could have been jailed for up to 15 years and fined.

 

[drifter]

obi good !!! hired more FT lah ...

 

[GoldenDragon]

http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_622516.html

Singapore
HOME > BREAKING NEWS > SINGAPORE > STORY

Jan 10, 2011
Manager jailed for $20,700 criminal breach of trust
By Elena Chong

Charles & Keith's executive, Michael Ng, gambled away $20,733 from the outlet's daily sales collections and will be jailed for criminal breach of trust. -- ST FILE PHOTO

A LOCAL shoe-chain executive who gambled away $20,733 from the outlet's daily sales collections was jailed for nine months on Monday for criminal breach of trust.

Michael Ng, 25, an Indonesian, was working at Charles & Keith's Suntec outlet at Temasek Boulevard when he committed the offence between Sept 13 and 24 last year.

The court heard that he was supposed to bank in the daily sales of the company's outlet but instead used the money to feed off his gambling habit.

He would take the daily proceeds and 'try his luck'' at the casinos. But he lost all the money.

He could have been jailed for up to 15 years and fined.

It wasn't the fault of Ng. He wasn't paid world class salary. He had to find other ways to make money. Charles & Keith, the two brothers should be jailed and caned instead.

 

[chootchiew]

Wow..I'm rather suprised that Charles & keith daily proceeds can be 20k+ Their shoe is priced around Bata's price

 

[Dreamer1]

Wow..I'm rather suprised that Charles & keith daily proceeds can be 20k+ Their shoe is priced around Bata's price

Yes,it is indeed surprising.

The two brothers do have some tricks.

 

[Dreamer1]

Correction,it was the store taking between Sept 13 and 24 last year,total of 12 days.

Average taking S$1.7K per day,monthly 50,000.00,30% profit,less rent,wages,not that mmuch left

 

[theblackhole]

so slowly and surely the two IRs will have more interesting stories.....human greed has no end....just do it ...and die die also must go and try your luck..

no money nevermind...just get it somehow somewhere someday...hope you strike the toto....hope you strike the jackpot...

good luck to all...

 

[BuiKia]

Im waiting for my RC and CC to organise such trips to IR.

 

[mako65]

Wow..I'm rather suprised that Charles & keith daily proceeds can be 20k+ Their shoe is priced around Bata's price

They hve many outlets too!

 

[Echo_O]

Correction,it was the store taking between Sept 13 and 24 last year,total of 12 days.

Average taking S$1.7K per day,monthly 50,000.00,30% profit,less rent,wages,not that mmuch left

That is cash taking only, not taking into account Credit card/nets takings which he can't touch

 

[singveld]

why blame the casino?

it is the human that is the problem.

I never been and never will go to that casino which already lose 100 before you start.

 

[drifter]

why blame the casino?

it is the human that is the problem.

I never been and never will go to that casino which already lose 100 before you start.

oh yes ...we should start to legalize marijuana .

 

[peterpan777]

Correction,it was the store taking between Sept 13 and 24 last year,total of 12 days.

Average taking S$1.7K per day,monthly 50,000.00,30% profit,less rent,wages,not that mmuch left

If you are the employer, will you leave your 12 days store taking with the employee? I suppose the boss will collect everyday.