SINGAPORE: Former CEO and founder of Surrey Hills Holdings, Pang Gek Teng, was charged in court on Friday (May 29) over embezzling more than S$242,000 between 2023 and 2024.
The 37-year-old Singaporean was fired from the company on Mar 26 last year following her alleged admission to fraud and other misconduct involving the company, which runs the Australian-inspired Surrey Hills Grocer. Pang, a former banker, founded the chain in 2021.
She was handed 12 charges at the State Courts, comprising nine counts of cheating, one count of forgery, one count of attempted cheating and one count of criminal breach of trust.
While a key executive officer of Surrey Hill Holdings, Pang is said to have misappropriated S$242,738.11 on various occasions from Apr 3, 2023, to Feb 28, 2024.
The bulk of Pang’s cheating charges involved a woman whom she allegedly cheated of more than S$400,000.
Pang allegedly deceived the woman into believing that S$50,000 was needed for bail payments and lawyer fees for a person known as Desmond, on Feb 12, 2018. As a result, the woman allegedly transferred the funds to Pang.
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