Man jailed for forgery, theft and criminal breach of trust

[chinasuckz]

Updated: 11/06/2013 15:58 | By Channel NewsAsia

Man jailed for forgery, theft and criminal breach of trust

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SINGAPORE: A former financial controller was on Wednesday sentenced to two years' jail for forgery, stealing the company's cheques and criminal breach of trust amounting to S$238,000 in all.

33-year-old Tan Liang Kwang was addicted to online gambling and by December 2012, he accumulated debts of S$260,000 with banks and unlicensed moneylenders.

Out of desperation, he forged the signatures of the chief executive officer and the vice-president of Asia Power Corporation Limited so as to get money.

Tan went on to steal eight blank company cheques from the office.

In October 2012, Tan also committed criminal breach of trust amounting to S$70,000. This amount is part of the total $238,000.

For forgery and criminal breach of trust, the maximum penalty is 15 years' jail and a fine on each count.

The maximum punishment for theft is a jail term of seven years and a fine. - CNA/gn