SINGAPORE – While working as a group financial controller for his company, a man siphoned $35,500 from the firm’s coffers over 1½ years.
Lim Lei Ming, 39, did so by writing cheques authorising payments from the company to his and his family members’ bank accounts.
On Dec 3, Lim was sentenced to six months and two weeks in jail after he pleaded guilty to two counts of criminal breach of trust and one count of falsification of accounts.
Five other charges of the same nature and one charge of forgery were taken into consideration for the Malaysian national’s sentencing.
The court heard that in August 2018, Lim started working as a group financial controller at Altus Oil & Gas Services, which handles freight and logistic arrangements for oil and gas companies in South-east Asia.
Lim’s job scope included overseeing the firm’s cash flow and accounts, and ensuring that payments were made to its vendors.
He had full access to the company’s electronic accounting system and was one of the authorised signatories for transactions involving its corporate bank account.
