The nephew of two knitting company directors was sent to prison for five years yesterday after embezzling almost $28 million from the family firm. Che Wan-fung, 27, had abused the trust placed in him by his uncles, Judge Esther Toh Lye-ping said during sentencing in the District Court. 'Of course it is always a great temptation to a young man [when] entrusted with such large amounts of money without supervision, but that does not excuse the defendant,' Judge Toh said. Che admitted 29 charges of theft and one of attempted theft. Che was appointed head of accounting for the Wai Key Knitting Company in September 1994. He had been placed in charge of transferring funds, handling ledgers and issuing, but not signing, cheques. From April 1, 1996 until June 19 last year, he had forged the signatures of his uncles - Ho King-kai and Ho King-chung - on 157 cheques worth a total of $27.84 million. The missing funds were noticed on June 20 and Che was confronted. He admitted taking the money and returned $11.7 million. But the remainder of the money had been lost on failed investment schemes, Che said.