Finance manager who stole more than $630k from firm sentenced to 66 months’ jail

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Ivy Tan Yee Ling, 35, was convicted over four charges of criminal breach of trust by a servant following a trial.

SINGAPORE - A finance and human resource manager who misappropriated about $632,000 from a firm selling electronic components was sentenced to 66 months’ jail on June 19.

She did the same to two other cheques worth about $261,000 and $99,000 between February and March 2017. The prosecutor said that her defence was that Mr Ng told her to bank in the four cheques to various beneficiaries, and then to pass the proceeds to him in cash as he wanted to hide the true dividend amount from his wife because of an alleged relationship with another employee.

“And as if that was not difficult enough to believe, her account further requires the court to believe that she did all of this for no reward, even after her relationship with soured, and right up till her last day of work at the company.DPP Ng said that while Tan claimed she had returned the full amount to Mr Ng in cash, there is no evidence that she had returned a single cent to Mr Ng or Exim.

 

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:

 /  🏆 8. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Nearly half in accountancy and finance open to new career opportunities: reportpemMost in demand roles include business partner and finance analyst./em/p pAccountancy and finance professionals in the city-state revealed that they were open to new opportunities (41%) for their career plans in the next 12 months, according to a report by Hays.
Source: SBRMagazine - 🏆 13. / 51 Read more »

Metech receives sponsorship termination notice from Novus Corporate FinancepstrongThe notice was due to commercial reasons./strong/p pMetech International has received a notice of termination from its sponsor, Novus Corporate Finance, citing commercial reasons./p pAccording to the filing, NCF has given the required three-month notice period for the termination, which was served on 6 June.
Source: SBRMagazine - 🏆 13. / 51 Read more »

Japan finance minister says forex intervention should be done in restrained mannerTOKYO: Finance Minister Shunichi Suzuki said on Friday (Jun 7) that recent foreign exchange intervention was conducted to contain excessive volatility, but such action should be done in a restrained manner.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Japan will respond to excessive foreign exchange movement, finance minister saysTOKYO : Japan will take appropriate action against excessive currency movement, Minister of Finance Shunichi Suzuki said on Friday, stressing the importance of stability in the foreign exchange market.Suzuki made the comments in a regular post-cabinet meeting news conference.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Rich nations met US$100 billion climate finance goal two years late: OECDPARIS: Wealthy countries met their target of providing US$100 billion in annual climate aid to poorer countries for the first time in 2022 though two years later than promised, the OECD said on Wednesday (May 29).
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »