FRAUD CASE

Today Online

Former Singapore executive charged for stealing US$155,000 from elderly residents at home for destitutes

PUBLISHED : Monday, 13 February, 2017, 2:16pm
UPDATED : Monday, 13 February, 2017, 2:19pm

By Siau Ming En

A former assistant superintendent of a home for destitutes was charged in court for cheating seven elderly residents of more than S$220,000 (US$154,646)of their life savings in less than a year.

Chiang Zhao Xiang, 31, faces one count of criminal breach of trust and two counts of cheating.

Court documents show that between May 2014 and Jan 2015, Chiang was entrusted with control over certain properties belonging to seven residents of Tembusu Home in Buangkok. But he allegedly misappropriated the monies – ranging from about S$8,000 (US$5624) to S$99,000 (US$69,590) per victim – through ATM withdrawals and transfers.

For instance, on November 27, 2014, he allegedly cheated one Tong Mong Tong of S$10,000 (US$7,029) by deceiving him that the money was needed to pay for the hospital bills of Mr Tong’s mother.

Likewise, on December 1 that same year, Chiang also deceived one Koh Kiang Wah that he needed a sum of money to help a woman. Mr Koh, who died last June, had given him S$22,000 (US$15,464) in cash.

Both Mr Tong and Mr Koh were residents at the home.

In court on Monday, Chiang indicated that he intends to plead guilty.

He also requested for two weeks to settle his personal matters before returning to court. He was released on S$20,000 (US$14,059)bail and will appear in court on March 1.

Deputy Public Prosecutor Nathaniel Khng said prosecution will be proceeding on one count of criminal breach of trust. The remaining two charges of cheating will be taken into consideration for the purposes of sentencing.

If convicted of criminal breach of trust, Chiang could be jailed up to 15 years and fined.

Former Tembusu Home senior exec charged for stealing S$220K from residents