SINGAPORE: A senior finance manager at a fuel distributor sold its diesel oil directly to buyers, earning more than S$1.1 million from the illegal arrangements over about two years.
Lee Wai Khong, 37, whose monthly salary was $8,500, initially made an additional $80,000 to $100,000 monthly from the scheme between October 2024 and March 2025.
His illicit earnings grew to $150,000 to $200,000 a month between April 2025 and July 2025.
On Aug 28, Lee was sentenced to three years and five months’ jail after he pleaded guilty to one count of criminal breach of trust, and another for the transfer of the proceeds of his criminal conduct.
Two other charges were taken into consideration during sentencing.
Court documents show that the Malaysian had worked at PS Energy in Singapore from 2015 to 2019. He rejoined the company in 2021 and was promoted to senior finance manager in 2023.
As part of his job scope, Lee was tasked to conduct audits on the stockpile of diesel oil and had full access and control over the inventory.
Sometime in March 2023, a former driver of the company, known to the court as Ricky, contacted Lee to ask for help to rejoin the firm. Lee agreed to help him in exchange for a supplier’s contact.
The prosecution said Lee knew that the man might have the contact details of several suppliers that bought diesel oil from the company. Lee wanted the contacts so that he could sell his company’s diesel oil to the same suppliers directly and pocket the profits.
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