Two men charged for misappropriating monies from money changer

SINGAPORE – Two men, aged 37 and 45, were charged on Friday (June 24) with conspiring to dishonestly misappropriate monies entrusted to one of them.

The police said the 45-year-old man in 2019 was allegedly entrusted with $5.6 million by a money changer to obtain a cashier’s order of the same amount.

Both men allegedly used $600,000 of these monies to fund their own business, the police added.

The offence of conspiring to commit criminal breach of trust carries a jail term of up to seven years and a fine.

Stay connected with us on social media platform for instant update click here to join our T witter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest For News Update Click Here

Read original article here

Denial of responsibility! Rapidtelecast.com is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.