Man jailed for receiving and transferring stolen money

SINGAPORE - A man was jailed for six months on Monday for receiving stolen money and transferring it to Nigerians abroad.

Muhammad Aznan Abdul Aziz, 24, faced 65 charges of dishonest receipt of stolen property and transfer of property which represented benefits from criminal conduct.

He had admitted to five charges each of receiving $11,700 and transferring $13,070 to two Nigerians last year.

The court heard that he came to know someone who went by the name of Zoe Tay through "Tegged'', a social networking website, in April last year.

While chatting over Skype, the full-time national serviceman revealed that finances had been tight since he had enlisted in the army. Zoe Tay offered him a job as her agent in a phone business. He would act as a middleman - her customers would transfer money into Aznan's account after these customers had firmed up their deals.

Zoe Tay would inform him every time money was transferred into his account. He would then have to transfer the money to an account in Nigeria through MoneyGram, a money transfer service. He was promised a commission of 10 per cent for every transaction made.

Aznan agreed and gave Zoe Tay his bank account details.

From April 15 last year, he began receiving money. On most occasions, he would remit the money through MoneyGram to the account in Nigeria.

Investigations showed that he made $2,255 from the scam and had surrendered the amount to the police.

Aznan could have been jailed for up to five years and fined for receiving stolen property.The maximum penalty for transferring property which represents benefits from criminal conduct is a $500,000 fine and seven years in prison.