Ex-property agent on trial for misappropriating more than $500k

[princess_morbucks]

A former property agent took the stand for the first time on Thursday to answer charges that he misappropriated more than half a million dollars from a retiree who had engaged him to sell and buy property.

The retiree, Mr Chan Kee Kok, 89, was a wheelchair user and blind in one eye with significantly poor vision in the other. Before his death in February last year, he was living with his intellectually-impaired daughter and an Indonesian maid.

Terence Yan Khek Yong, 29, is alleged to have committed criminal breach of trust as an agent of five cheques totalling $559,200 entrusted to him by Mr Chan in 2010 to buy a condominium, Eastpoint Green, in Simei.

He is also being tried for abetting Mr Chan's domestic worker Sarina on Dec 6 that year to lie to the police that her employer had told her to spend a POSB cheque for $200,000, causing the police not to investigate him for criminal breach of trust.

- See more at: http://www.straitstimes.com/news/singapore/courts-crime/story/ex-property-agent-trial-misappropriating-more-500k-20140411#sthash.Lq10g1qM.dpuf

[Royston8H]

Greed will pay it back. :mad:

[minority]

why would anyone write a check to bank it into their agent account in the 1st place?

[Royston8H]

Probably it is how the young agent conned the old man to do so. Karma prevails lor.


why would anyone write a check to bank it into their agent account in the 1st place?

[el loco]

I wonder how many such cases go unreported due to the ignorance of old folks. Hope CEA start a task force to relook into such cases involving vunerable groups and Agents, pls touch yr heart and do the right thing. Stop yr lying and deceiving ways to con/misled guilible public juz to earn yr $$.

[Beebot]

It was reported that the buyer was an old man in his 90s (he has since died) with a disabled daughter. The agent was preying on the vulnerabilities of the old man. And yes, the agent took the money and gambled it away. Tsk..tsk..