SLA guy jailed.

[Mllcg]

For a very long time...

 

SINGAPORE: Two former Singapore Land Authority (SLA) employees were sentenced to imprisonment on Friday.

 

41-year-old James Koh Seah Wee was sentenced to a total of 22 years jail for both cheating and money laundering.

 

His accomplice, 38-year-old Christopher Lim Chai Meng, was sentenced to 15 years jail, also for cheating and money laundering.

 

The former SLA employees had pleaded guilty to pilfering S$12.5 million from government coffers.

 

Justice Tay Yong Kwang told the court that offences involving public funds committed against public institutions have to be dealt with sternly as they undermine good administration.

 

He said financial crimes like these often have repercussions beyond immediate facts of the case. He added that new and more stringent checks may also have to be introduced to try to prevent a repeat of such cheating.

 

Justice Tay also called both Koh and Lim's purchase of super fast cars, like the Lamborghini and Ferrari, "egoistic acts". He said they were carelessly inviting questions about their new-found wealth and were hardly "sophisticated money launderers".

 

Lawyers representing Koh and Lim said the sentences were fair.

 

- CNA/cc/ac

 

[Jonjees]

For a very long time...

 

SINGAPORE: Two former Singapore Land Authority (SLA) employees were sentenced to imprisonment on Friday.

 

41-year-old James Koh Seah Wee was sentenced to a total of 22 years jail for both cheating and money laundering.

 

His accomplice, 38-year-old Christopher Lim Chai Meng, was sentenced to 15 years jail, also for cheating and money laundering.

 

The former SLA employees had pleaded guilty to pilfering S$12.5 million from government coffers.

 

Justice Tay Yong Kwang told the court that offences involving public funds committed against public institutions have to be dealt with sternly as they undermine good administration.

 

He said financial crimes like these often have repercussions beyond immediate facts of the case. He added that new and more stringent checks may also have to be introduced to try to prevent a repeat of such cheating.

 

Justice Tay also called both Koh and Lim's purchase of super fast cars, like the Lamborghini and Ferrari, "egoistic acts". He said they were carelessly inviting questions about their new-found wealth and were hardly "sophisticated money launderers".

 

Lawyers representing Koh and Lim said the sentences were fair.

 

- CNA/cc/ac

 

12.5 million, total 37 years.

1 year 337,837.

 

anyway they must have made some money for SLA in the current market with those properties that they have.

Edited November 4, 2011 by Jonjees

[Mllcg]

12.5 million, total 37 years.

1 year 337,837.

 

anyway they must have made some money for SLA in the current market with those properties that they have.

 

but the cars lose money

[Jonjees]

but the cars lose money

 

how much can a lambo lose a year? 60k?

the properties at least make 400k each piece?

[Tigerwoods]

12.5 million, total 37 years.

1 year 337,837.

 

anyway they must have made some money for SLA in the current market with those properties that they have.

The properties other than the house they stay aren't confiscated together with their Fancy cars ?

[Jonjees]

The properties other than the house they stay aren't confiscated together with their Fancy cars ?

 

everything that they have are confiscated and sold to get money back.

[Celicar]

Justice Tay Yong Kwang told the court that offences involving public funds committed against public institutions have to be dealt with sternly as they undermine good administration.

In the first place, if administration was really that good, such things won't happen already, so what "good administration" is he talking about.

[Tarzan666]

knn.. y the family members not tried too..

obviously they know he cant afford.

[Nullifi3d]

For a very long time...

 

SINGAPORE: Two former Singapore Land Authority (SLA) employees were sentenced to imprisonment on Friday.

 

41-year-old James Koh Seah Wee was sentenced to a total of 22 years jail for both cheating and money laundering.

 

His accomplice, 38-year-old Christopher Lim Chai Meng, was sentenced to 15 years jail, also for cheating and money laundering.

 

The former SLA employees had pleaded guilty to pilfering S$12.5 million from government coffers.

 

Justice Tay Yong Kwang told the court that offences involving public funds committed against public institutions have to be dealt with sternly as they undermine good administration.

 

He said financial crimes like these often have repercussions beyond immediate facts of the case. He added that new and more stringent checks may also have to be introduced to try to prevent a repeat of such cheating.

 

Justice Tay also called both Koh and Lim's purchase of super fast cars, like the Lamborghini and Ferrari, "egoistic acts". He said they were carelessly inviting questions about their new-found wealth and were hardly "sophisticated money launderers".

 

Lawyers representing Koh and Lim said the sentences were fair.

 

- CNA/cc/ac

 

Waiting for the day the skeletons in the closet of our politicians are revealed. Everyone has secrets. Let's hope theirs won't cause the downfall of our nation.

 

"sophisticated money launderers".

As an AML specialist i'd prefer to call them STUPID money launderers. The whole idea of money laundering is to conceal source of illicit cash; and these bozos did the exact opposite.

 

[Ithunk]

all the money has been returned and restituted they can prepare to be cookies and their currency in prison will be cigarettes

[Celicar]

"sophisticated money launderers".

As an AML specialist i'd prefer to call them STUPID money launderers. The whole idea of money laundering is to conceal source of illicit cash; and these bozos did the exact opposite.

最危险的地方就是最安全的地方

[Mcfguy]

My england not strong, dunno the meaning if the word 'pilfering'. So, I go and check dicktionary and it says "pilfer - To steal ( a small amount or item).

[Babyt]

so sad....come out already old man.

[Grindcore888]

no heads rolled at SLA ? auditor ? Ministry ? (for SLA case)

 

HALL OF [email protected]

 

APB SGD59.00 million 42years

SIA SGD35.00 million 24years

SLA SGD12.50 million 22years

 

 

++++++++++++++++++++++++

CASE BACKGROUND:

 

The court heard that Foo was roped in in October 2007 by Lim into the conspiracy as a 'vendor''. Once transactions were awarded and paid to R&R, Foo would be given a cut of the payment made by the SLA.

 

Other than preparing invoices according to Lim's instructions, Foo knew that the firm would not need to do any work for the SLA to get payment.

 

Foo agreed to the arrangement and concurrently entered into both legitimate and fictitious small value purchase transactions with the SLA.

 

He could have been jailed for up to seven years and fined for each offence committed before February 2008, and up to 10 years and fined on each of two other charges after 2008.

[Sosaria]

In the first place, if administration was really that good, such things won't happen already, so what "good administration" is he talking about.

 

In the first place, the admin is a total shambles and they know it. Got so many processes and checking also no use, as the more processes you have, the more people will try to circumvent it, or just rubber-stamp as necessary. At the end of the day, all boils down to personal morality and ethics. And no, high salaries will not reduce temptation to steal, sorry to say...

 

That's why the courts had to come down hard... to scare the "peasants" from ever trying to do this kind of thing

 

I'm surprised their lawyers called the sentences "fair"... ??? Means that the prescribed sentences, or what they expected, is actually many more years in prison??

 

Well, at least they're not in china... over there, bullet in the back of the head for sure...

[Jamessoh]

maybe this is just tip of iceburg.....who knows???

[Ithunk]

no heads rolled at SLA ? auditor ? Ministry ? (for SLA case)

 

HALL OF [email protected]

 

APB SGD59.00 million 42years

SIA SGD35.00 million 24years

SLA SGD12.50 million 22years

 

 

++++++++++++++++++++++++

CASE BACKGROUND:

 

The court heard that Foo was roped in in October 2007 by Lim into the conspiracy as a 'vendor''. Once transactions were awarded and paid to R&R, Foo would be given a cut of the payment made by the SLA.

 

Other than preparing invoices according to Lim's instructions, Foo knew that the firm would not need to do any work for the SLA to get payment.

 

Foo agreed to the arrangement and concurrently entered into both legitimate and fictitious small value purchase transactions with the SLA.

 

He could have been jailed for up to seven years and fined for each offence committed before February 2008, and up to 10 years and fined on each of two other charges after 2008.

 

actually not too sure why the two guys waited so long to plead guilty....that could in part affect their sentencing

[Ithunk]

My england not strong, dunno the meaning if the word 'pilfering'. So, I go and check dicktionary and it says "pilfer - To steal ( a small amount or item).

 

pilfering is steal bro