Home > News > Regional
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
Tags / Keywords:
Cops investigate man with alleged link to Syria conflict
New rant against estate agents
Man rescued from ship fire
Third man jailed for underage sex
Man lodges false report
Hong Kong police arrest 80 protestors in bid to clear street
Tibetan mega-dam begins operation
Hong Kong police remove more Mongkok barricades
India girl dies after being set on fire for resisting molestation
China slams US criticism over island
Colourful war of words plays out on Gaza’s battered walls
Twitter in talks to buy Bieber backed selfie app Shots
All Puteri Umno members can be 'Dyana Sofyas', says Idris Haron
Bayern eager to learn from late lapses in Manchester
Copyright © 1995-2014 Star Publications (M) Bhd (Co No 10894-D)