The Police have arrested a 26-year-old man for his suspected involvement in a case of misappropriating monies and stealing luxury watches valued at about $1.6 million after a police report was made on 20 May 2023.
Investigations revealed that between September 2022 and May 2023, the man, a salesman for a luxury watch shop located along Orchard Road, had received large sums of money from victims to purchase luxury watches. After receiving the payments, the man allegedly misappropriated the funds. The man had also allegedly stolen several luxury watches from the shop and pawned the watches in exchange for cash.
Through extensive enquiries and follow-ups, officers from Central Division recovered 23 luxury watches amounting to $900,000.
The man will be charged in court on 22 May 2023 with the offence of criminal breach of trust by employees under Section 408 of the Penal Code 1871. The offence of criminal breach of trust by employees carries an imprisonment term of up to 15 years, and a fine.
The Police takes a serious view of any person who engages in fraudulent or dishonest conduct. Offenders will be dealt with severely in accordance with the law.
Photograph of Recovered Luxury Watches ▼
SINGAPORE POLICE FORCE
21 May 2023 @ 8:10 PM