SINGAPORE: A director of a consultancy business misappropriated a sum of S$1.5 million (US$1.1 million) a woman had forked out as a deposit for a loan of S$15 million she intended to get for her real estate business.
The director kept S$250,000 for himself and gave the rest to the purported financier, who had actually been declared bankrupt in two countries.
Vincent Jason Sadok Fook Tai, 43, was sentenced to three years and nine months’ jail on Thursday (Aug 17).
He pleaded guilty to one count of criminal breach of trust by dishonestly misappropriating S$1.5 million, with another two charges taken into consideration.
The court heard that Vincent was a director of AEC Development, a consultancy business for funding and financing of proj…
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