Serious [ Singapore News ] Singaporeans Beware of Indian Money Changer : Absconding with $470,000 Cash

[grandtour]

http://www.straitstimes.com/singapo...in-malaysia-after-absconding-with-470000-cash

Money changer employee nabbed in Malaysia after absconding with $470,000 cash

Police had received a report that the man had absconded with the cash he was supposed to have couriered to the money changer's office.PHOTO: SINGAPORE POLICE FORCE

Published
Mar 30, 2018, 6:06 pm SGT
Ng Huiwen

SINGAPORE - A 43-year-old employee of a money changing company was nabbed by Malaysian police on Wednesday (March 28) within 12 hours after he absconded with $470,000 cash.

The Singapore Police Force said in a statement on Friday that the Indian national was extradited to Singapore on Thursday and he was arrested for his suspected involvement in a case of criminal breach of trust as servant.

Cash amounting $24,000 was recovered from him upon his arrest.

Police had received a report on Tuesday that the man had absconded with $470,000 in cash, which he was supposed to have couriered to the money changer's office.

However, the man had already left Singapore for Malaysia before the report was lodged.

With the help of the Royal Malaysia Police (RMP), the man was arrested in Malaysia on Wednesday, less than 12 hours after the police report was made, the statement said.

If convicted, he faces an imprisonment term of up to 15 years and a fine.

The Indian national was nabbed by Malaysian police on March 28, 2018, within 12 hours after he absconded with $470,000 cash. PHOTO: SINGAPORE POLICE FORCE

Assistant commissioner of police Arthur Law, who is the commander of the Central Police Division, thanked the RMP for their strong support and assistance in the arrest.

"This arrest is testament to the effectiveness of regional cooperation in crime fighting efforts," he said.

"With the continued support of law enforcement agencies in the region, we will ensure that swift justice is served to criminals regardless of where they choose to flee."

 

[axparadox]

Assistant commissioner of police Arthur Law, who is the commander of the Central Police Division, thanked the RMP for their strong support and assistance in the arrest.

Arthur, you can't be that dense.
RMP is the big winner of this whole thing, $446k bonus.

 

[grandtour]

Never change money with Indian Money Changer
Change Rate always differ from FAKE Displayed Rate

 

[bobby]

Arthur, you can't be that dense.
RMP is the big winner of this whole thing, $446k bonus.

Arthur, ICA officers should also be arrested for allowing a man to carry $470K in cash across the borders.....

 

[axparadox]

Arthur, ICA officers should also be arrested for allowing a man to carry $470K in cash across the borders.....

ICA would blast their horns when they crack a big shipment which is likely due to tip off. Regular smuggling that went in and out of borders is regular business, where do you think all that drugs came from?

 

[grandtour]

http://www.straitstimes.com/singapore/courts-crime/man-charged-with-allegedly-absconding-with-469k

Man charged with allegedly absconding with $469k

Indian national Bahurudeen Kuthpudeen was charged with absconding with almost half a million dollars in court, on March 31, 2018. ST PHOTO: WONG KWAI CHOW

Published
3 hours ago
Cheryl Tee

A money-changer employee who is accused of absconding with almost half a million dollars in cash was charged in court yesterday.

Indian national Bahurudeen Kuthpudeen, 43, was supposed to deliver three cash cheques totalling $469,000 from RHB Bank at 90, Cecil Street, to Mohamed Thahir Exchange. Instead, the business development manager allegedly fled with the money to Malaysia.

His employer made a police report last Tuesday.

Officers from the Royal Malaysia Police (RMP) arrested Bahurudeen less than 12 hours later last Wednesday. He was extradited to Singapore the next day.

The police recovered cash of about $24,000 from him upon his arrest.

Bahurudeen was charged with one count of criminal breach of trust as a servant.

Assistant Commissioner of Police Arthur Law, who is the commander of the Central Police Division, thanked the RMP for its assistance in the arrest.

"This arrest is testament to the effectiveness of regional cooperation in crime-fighting efforts," he said. "With the continued support of law enforcement agencies in the region, we will ensure that swift justice is served to criminals, regardless of where they choose to flee."

Bahurudeen will be remanded for a week at the Central Police Division. He will be back in court on Friday at 9am. If convicted, he can be jailed for up to 15 years and fined.

 

[bobby]

Another good follow on by the RMP....after the Mas Selamat arrest.

The can boleh what our SPF cannot boleh...