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Wednesday February 5, 2014 MYT 12:00:00 AM
Wednesday February 5, 2014 MYT 8:04:44 AM
A former property agent has claimed trial to allegedly misappropriating cheques worth more than half a million dollars that were handed to him by an elderly client who was blind in one eye.
Terence Yan Khek Yong, 29, was with HSR International Realtors when he allegedly committed criminal breach of trust of five cheques totalling S$559,200 (RM1.4mil) given by Chan Kee Kok, then 89, between Sept 25 and Oct 7, 2010.
The payments were supposedly for the purchase of a unit at Eastpoint Green at Simei Street 3.
Chan, who was blind in his right eye and had poor vision in the other, died a year ago. At the time of the alleged offences, he was a wheelchair user and living with his intellectually-impaired daughter, Chan Liu See, who is in her 60s.
The court heard that Chan had engaged Yan, who is now a businessman, to sell his apartment at The Modena, Simei Street 4 and to buy a smaller apartment. Chan’s condominium was sold for S$1.05mil (RM2.8mil) in November 2010. Three months before the sale’s completion, Yan had received his commission.
In its opening address, the prosecution said Yan arranged the purchase of a smaller apartment for Chan and his daughter at S$740,000 (RM1.9mil), which was to be registered under her name.
The payment for the property was to be in cash. Chan paid S$55,426 (RM146,000) for Yan’s services and commission.
Deputy Public Prosecutors Leong Wing Tuck and Nicholas Tan said they will show evidence that Yan then received five further cheques from Chan after he had received his commissions in full.
None of these cheques was intended for the benefit of Yan. — The Straits Times / Asia News Network
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