Lawyer convicted of four charges for CBT, cheating
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Apr 18, 2011 - Straits Times
by Elena Chong
LAWYER Tan Cheng Yew was convicted of two criminal breach of trust and two cheating charges on Monday after a 16-day trial.
The 42-year-old one-time debater at the National University of Singapore, who faced a total of six charges involving about $5.7 million, was arrested in Germany in 2009 after being on the run for six years.
He was found guilty of misappropriating two sums of money - $1.5 million and $1.9 million - belonging to five members of a Tan family in the way of his business as an attorney in 2001.
The prosecution's case was that he pledged the first amount as a security for a personal loan facility from DBS, and the second sum to his two bank accounts for his own use.
He was also convicted of cheating Mr Tommy Tan Kwee Khoon of $480,000 in 2002 by deceiving him into believing that it was a legal requirement in loan agreements for the borrowers to repay the lender in the first year of the loan. Mr Tan was also deceived the same year by Tan of $900,000. Tan claimed that he would invest the amount with an Australian bank on his family's behalf for a better interest rate.
The prosecution will inform the court later on of what it intends to do with Tan's two other charges which have been stood down.
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spend until no money.
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a once kiasu albeit bright student who topped his class with his mercurial tongue sadly became a fugitive and now prisoner of his own poor conscience...
the class is sad