Tuesday, Oct 21, 2014Tuesday, Oct 21, 2014
News
 

Ex-HSBC executive jailed over $2m of shopping vouchers

Published on Oct 22, 2012 5:39 PM
 

A senior bank officer with Hongkong and Shanghai Banking Corporation (HSBC) was jailed a total of 8 1/2 years today for theft and other offences over $2 million worth of shopping vouchers.

Anthony Lim Boon Liak, 43, was an assistant vice-president and programme manager of the HSBC's consumer banking division at Alexandra Terrace and later at Mapletree Business City at Pasir Panjang Road when he committed 39 offences.

He admitted to eight charges of theft and criminal breach of trust as a servant and money laundering involving $1.96 million worth of Takashimaya shopping vouchers between 2009 and last year. The remaining charges were taken into consideration.

Between February and September 2009, Lim stole 4,516 pieces of vouchers worth $225,800 from a locked compactor from his employer at The Comtech in Alexandra Terrace.

 
If you are not a subscriber, you can get instant, unlimited access here