Jail for debtor who cheated car rental firms
He rented four Mercs and passed them to loan sharks in Malaysia to settle his debts
Published on Jan 18, 2014 9:14 AM
To settle his debts, Soh Wei Siang drove four rental Mercedes-Benz cars, worth more than $600,000, to Malaysia and handed them to loan sharks.
Soh, who pleaded guilty to criminal breach of trust, was jailed for three years and four months yesterday.
District Judge Low Wee Ping described his crimes as "very audacious" and "very easy to commit". Therefore, a stiff sentence was required to discourage such offences, he explained.
In 2008, the unemployed Soh took loans from several illegal moneylenders. Unable to settle his debts, he agreed to rent five cars and hand them over to the loan sharks in exchange for $15,000.
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