SINGAPORE: A man agreed to illegally open bank accounts for use by another person in exchange for money, and more than $1.5 million was eventually moved through these accounts.
The offender also pocketed more than S$5,900 from a durian supplier he worked for, took drugs and falsely accused an investigation officer working on his case such that the case was reassigned.
Jorell Kay Wei Hoe, 31, was sentenced on Thursday (Sep 29) to one year and 10 months’ jail.
He pleaded guilty to seven charges including cheating, drug consumption and criminal breach of trust as an employee. Another eight charges were considered in sentencing.
The court heard that an acquaintance of Kay’s approached him in 2019 with a proposal. He offered Kay S$800 per month for every corporate bank account and S$500 per month for every personal bank account that Kay delivered to him.
Kay did not know and did not check what the acquaintance would use the bank accounts for, but agreed.
Kay registered a business and opened a UOB corporate account for the business in October 2019. He also opened a CIMB personal account under his own name that same month, and surrendered control of both accounts to his acquaintance.
The accounts were used to receive and make fund transfers. A total of S$1,472,342 was deposited into the UOB account in December 2019, with almost all the money withdrawn that same month. The CIMB account was similarly used for fund transfers, including S$80,000 from a love scam.
The…
