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A FORMER company director was yesterday sentenced to 21 months in jail after he admitted to misappropriating $6.4 million of his company's money. Between February and December 2001, Lee Ee Teong secretly transferred the sum from BJ Services Company (Singapore) to various bank and trading accounts managed by him, without authorisation from his company. The case came to light in late 2004, when the company reported the offences. District Judge Jasvender Kaur said that the huge amount taken could warrant the maximum three years in jail, but she noted that Lee had returned all the money. Lee, who was also the company's regional controller, was responsible for all accounting and financial duties. He was also the authorised signatory of all the bank accounts of BJ Services'Singapore office as well as its subsidiaries.
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| Last updated on 17 July 2007 |
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