Ex-pawnshop executive jailed for $465k criminal breach of trust
Published on Jan 3, 2013 1:26 PM
A customer services executive of Maxi-Cash Ventures, who misappropriated $464,623 worth of gold bars and other valuables from the pawnshop was jailed for five years on Thursday for criminal breach of trust and money-laundering.
Desmond Kee Chia How, 27, now unemployed, pleaded guilty to misappropriating five 1kg gold bars, jewellery, two Rolex watches and cash of $108,737 from the Maxi-Cash Yishun branch at North Point shopping centre.
The offences were committed between July 2 and 4 last year.
He also admitted to transferring $308,000 to one Ah Di, an illegal moneylender he claimed to have owed money to, on July 3. The next day, he transferred the jewellery, watches and the cash of $108,737 to him.
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