A 45-year-old and 37-year-old man have been charged in court on 24 June 2022 for two counts of conspiring to dishonestly misappropriate monies which had been entrusted to the 45-year-old man. These offences are punishable under Section 406 read with Section 109 of the Penal Code.
In 2019, the 45-year-old man was allegedly entrusted with $5.6 million by a money changer to obtain cashier’s orders of the same amount. The 45-year-old and 37-year-old man allegedly used $600,000 of these monies to fund their own business.
The offence of conspiring to commit criminal breach of trust under Section 406 read with Section 109 of the Penal Code carries an imprisonment term of up to seven years and a fine.
SINGAPORE POLICE FORCE
24 June 2022 @ 1:50 PM