Man jailed for pocketing $243,650 and giving false address to loanshark

A man was jailed for 32 months on Thursday for giving a false address to a loanshark and for pocketing $243,650 from a company.

Salahudin Mohd Rasip, 46, pleaded guilty to giving the address of his brother-in-law to an unlicensed moneylender known only as Simon in April 2011 when he knew that the information was false.

He also admitted to misappropriating $243,650 from Homeway Lifestsyle I.D where he worked as a sales designer from last October to June this year. This offence was committed after he absconded in September last year for the other offence.

He was only re-arrested on June 11 this year and he was then charged with two more offences including misappropriating a $1,800 laptop from a computer shop which was considered during his sentencing.

A district court heard that Salahudin, now unemployed, had moved in to live with his brother-in-law in Yishun in 2009 after he had rented out his own flat. He moved out in March 2011.

Sometime in April and May 2011, he used his brother-in-law's address to get loans from Simon. He subsequently defaulted in his repayments and his brother-in-law's flat was harassed three times as a result. Paint was splashed on the unit's door, and window and the lift floor wall defaced.

In the other case, he misappropriated various sales payments he collected from various clients of Homeway Lifestyle at Changi Road. He used the money to splurge on his friends and pay maintenance fees he owed to his ex-wife and children.