Accountant jailed 25 years, 10 months for embezzling $40.8M to gamble for over a decade

Ewe Pang Kooi, a 66-year-old permanent resident from Malaysia, had previously been convicted of 50 counts of criminal breach of trust as an agent following a trial.

When the affected companies chased him about the liquidated assets, Ewe admitted that he had misappropriated the funds. The companies lost a total of $40.8 million, with only $16.5 million being recovered. His bets were so large that he accumulated enough points to stay in a permanent hotel room and eat for free at Resorts World Sentosa.

Appealing convictionDuring Ewe’s sentencing hearing, the prosecution had sought 30 years’ jail, while Khoo asked for a sentenced between 12 and 18 years.

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