SINGAPORE - Yang Yin has been convicted of two criminal breach of trust charges for allegedly misappropriating $1.1 million from a wealthy widow.
His decision to plead guilty came on Tuesday (Aug 16) after 11 days of trial.
After the statement of facts were read out by the prosecution on Tuesday, Yang confirmed through an interpreter that he wishes to plead guilty to two charges.
Sentencing and mitigation for his two criminal of breach charges are expected to take place on Sept 9.
A person convicted of criminal breach of trust could face a jail term of up to seven years, a fine or both.
Yang has been convicted of allegedly misappropriating $500,000 and $600,000 from Madam Chung Khin Chun, 89, in 2010 and 2012 respectively.
The Chinese national had claimed that these were given to him by Madam Chung although he had said in earlier statements that they were used to buy paintings on her behalf. This was a cover up, he claims, as Madam Chung wanted to avoid jealousy and gossip.
The prosecution, however, has produced evidence in court to show that this was untrue.
In May, Yang had pleaded guilty to 120 charges relating to immigration offences and falsification of receipts - 110 charges were for the falsification of receipts made to his company, while the remaining were for immigration and cheating offences, as well as breaking Company Act laws.
He was arrested in September 2014 and charged a month later with a slew of offences, mostly falsifying receipts made to his company, Young Dance and Music Studio, so he could stay in Singapore.
The Straits Times first reported on the case in 2014 when Madam Hedy Mok, Madam Chung's niece, commenced a series of legal actions against Yang in the High Court.
Yang got to know Madam Chung when he acted as her private tour guide during a trip to Beijing in 2008.