Former director admits misappropriating more than $255k of company’s money

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Suranakapan Palit, 48, has made restitution totalling $150,000 and will be sentenced on July 18.

SINGAPORE - A man who earned around $156,000 a year as a business development director at an eyewear business misappropriated more than $255,000 of the company’s money.

A third charge linked to the remaining amount will be considered during sentencing, which is scheduled for July 18. Between Oct 26, 2018, and Oct 22, 2019, the 48-year-old Thai national used a company-issued credit card to unlawfully withdraw money and pay for expenses in transactions involving more than $97,000 in total.

 

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