Home > News > Regional
Saturday March 1, 2014 MYT 12:00:00 AM
Saturday March 1, 2014 MYT 7:15:41 AM
A BUSINESSMAN who cheated eight people in a rental scam has been sentenced to 20 months’ jail.
Lim Khee Swee, 49, also known as Ryman, admitted to three charges of cheating two victims of a total of S$110,000 (RM284,759) in 2011.
He deceived them into believing that they would get a monthly rental return of around S$6,500 (RM16,826) for six to 12 months if they invested S$30,000 to S$50,000 (RM77,662 to RM129,438) with Royal Silk Business Hub (RSBH), which was in the business of renting office space for subletting to tenants.
Assistant Public Prosecutor Andrew Low said that in 2010, Lim, a marketing director of RSBH, incurred gambling debts. He then devised a scheme to cheat existing tenants or other parties out of their money .
He did this by preparing false documents, including company letters bearing RSBH’s letterhead and stamp and the rental agreements stating the returns.
Between May 10 and July 14, 2011, he cheated eight victims out of S$213,000 (RM551,397).
A partial restitution of S$99,000 (RM256,286) had been made to some of the victims.
A shareholder of the company reported him to the police after learning that Lim was misusing the company letterhead to collect money for his own benefit.
Lim was allowed to defer his sentence until Monday to settle work matters. — The Straits Times / Asia News Network
Tags / Keywords:
Businessman to start jail sentence in bribery case
Jail for jobless man who issued false bomb threat
Philippine police find 120 captured sea turtles in swamp
Man arrested for acting as money mule
Beware of ‘arrest’ scam, advise police
'Little Apple': The hit song all of China is singing
Joko Widodo inaugurated as Indonesian president
No safety personnel for South Korea pop concert
20 injured in new Hong Kong protest violence
Japan industry minister resigns over make-up scandal: reports
Japan's 'Sacred' farms rotting from inside
50% of IoT solutions will come from start-ups
Pond turtles are starving to death in California
Fright nights at Disney and Warner Bros parks
Copyright © 1995-2014 Star Publications (M) Bhd (Co No 10894-D)