Jail for ex-pawnbroker in Singapore who took customers’ items, pawned them at other shops to keep business afloat

  • 📰 malaymail
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 86%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

SINGAPORE, Nov 2 — As her pawnbroking business was not doing well due to her competitors, Fun Sho Mei, 65, decided to pawn her customers' pawned goods, which were still...

Woman gets jail for trying to bribe Singapore’s Changi Airport staff with S$70 to let her board flight without valid visaAt the State Courts, Fun was sentenced to 18 months' and two weeks' jail after she pleaded guilty to five counts of unauthorised pawning of goods under the Pawnbrokers Act.

Ten other similar charges, including three for abetting her husband to pawn the goods, were taken into consideration during sentencing.The court heard that Fun was the manager and shareholder at Yong Teck Pawnshop in Hougang when she decided to commit the offences from March 3 to Nov 26, 2021. For the five charges which the prosecution proceeded with, Fun received a total of S$421,790 in sales proceeds from these third-party pawnshops, namely Heng Heng, ValueMax , Shing Heng, Moneymax and Wing Teck.

The Registry of Pawnbrokers were subsequently informed by RSM on Dec 16, 2021, of missing pledges which were suspected to have been taken to be pawned at other pawnshops. As she was facing a cash flow problem at the pawn shop, she took the valuables and pawned them without authorisation, which prevented the original owners from coming back to redeem them, said Mr Yim.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Service outages: Singapore’s Monetary Authority bars DBS from acquiring new business ventures, reducing branch and ATM network sizes for six monthsSINGAPORE, Nov 1 — DBS bank has been barred from acquiring new business ventures by the Monetary Authority of Singapore (MAS) and instructed not to reduce the size of its...
Source: malaymail - 🏆 1. / 86 Read more »