Ex-property agent on trial for misappropriating more than $500k
Published on Apr 11, 2014 1:37 PM
A former property agent took the stand for the first time on Thursday to answer charges that he misappropriated more than half a million dollars from a retiree who had engaged him to sell and buy property.
The retiree, Mr Chan Kee Kok, 89, was a wheelchair user and blind in one eye with significantly poor vision in the other. Before his death in February last year, he was living with his intellectually-impaired daughter and an Indonesian maid.
Terence Yan Khek Yong, 29, is alleged to have committed criminal breach of trust as an agent of five cheques totalling $559,200 entrusted to him by Mr Chan in 2010 to buy a condominium, Eastpoint Green, in Simei.
He is also being tried for abetting Mr Chan's domestic worker Sarina on Dec 6 that year to lie to the police that her employer had told her to spend a POSB cheque for $200,000, causing the police not to investigate him for criminal breach of trust.
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