Interpol red Notice for misappropriating $88k

[Wd40]

Just came across this article:
https://www.channelnewsasia.com/singapo ... st-2962441

I am kind of surprised $88k is not a lot right? It gets you Interpol lookout notice?

[malcontent]

Note it says “for misappropriating S$88,000 belonging to his client, which had been entrusted to him”.

If “the client” was you or me, I seriously doubt they would get an Interpol red notice. So, who was this client… that is the real question!

[therat]

$88k 15 yrs ago.


https://www.asiaone.com/News/The%2BBusi ... %2527.html

[YYCole]

To commit a crime for 88k and to run away for 15 years, this guy must really been in a very tough spot.

Unlike United States and Australia where there is limitation periods, Singapore dont have limitation period for criminal charges (only civil).

[Wd40]

To commit a crime for 88k and to run away for 15 years, this guy must really been in a very tough spot.

Unlike United States and Australia where there is limitation periods, Singapore dont have limitation period for criminal charges (only civil).

Yeah, it just doesnt make sense. 1st of all I understand in Singapore, law is a very highly sought after field, lawyers get paid well. 88k is like nothing, I would imagine he could earn that in a year. Why would anyone do that?

[PNGMK]

If you read the article he really ran away from massive loan shark debts as much as anything. I wonder what he did for 15 years?

[Lisafuller]

Just came across this article:
https://www.channelnewsasia.com/singapo ... st-2962441

I am kind of surprised $88k is not a lot right? It gets you Interpol lookout notice?

Yeah, honestly doesn’t seem like nearly enough to warrant a lookout notice. Maybe they’re running out of bad guys to catch, LOL.

[Lisafuller]

Note it says “for misappropriating S$88,000 belonging to his client, which had been entrusted to him”.

If “the client” was you or me, I seriously doubt they would get an Interpol red notice. So, who was this client… that is the real question!

Must’ve been someone pretty powerful and important, but if that’s the case I doubt $88,000 would have meant much. Probably would have been peanuts.

[Lisafuller]

$88k 15 yrs ago.


https://www.asiaone.com/News/The%2BBusi ... %2527.html

Do you think evading justice for 15 years will see him receiving a heavier sentence?

[Lisafuller]

To commit a crime for 88k and to run away for 15 years, this guy must really been in a very tough spot.

Unlike United States and Australia where there is limitation periods, Singapore dont have limitation period for criminal charges (only civil).

Or perhaps this was only one crime out of many he had committed. $88,000 doesn’t seem like hardly enough to make a difference in most peoples life, and seems to be a pretty petty sum to be willing to put your career and life in jeopardy for. Chances are he had done this to many of his clients, but this was the one instance where he had been caught. Of course, I’m just speculating.

[Lisafuller]

To commit a crime for 88k and to run away for 15 years, this guy must really been in a very tough spot.

Unlike United States and Australia where there is limitation periods, Singapore dont have limitation period for criminal charges (only civil).

Yeah, it just doesnt make sense. 1st of all I understand in Singapore, law is a very highly sought after field, lawyers get paid well. 88k is like nothing, I would imagine he could earn that in a year. Why would anyone do that?

Perhaps he did it for the thrill, but that is unlikely. A more reasonable explanation is that this was not a one off incident, rather, he would steal small (relative) sums from clients, which would collectively add up to quite a bit of dough. Small enough to go unnoticed/unpursued, but large enough to add up.

[malcontent]

Note it says “for misappropriating S$88,000 belonging to his client, which had been entrusted to him”.

If “the client” was you or me, I seriously doubt they would get an Interpol red notice. So, who was this client… that is the real question!

Must’ve been someone pretty powerful and important, but if that’s the case I doubt $88,000 would have meant much. Probably would have been peanuts.

Powerful & important people are often the most spiteful… it was probably just the principle of the matter, and they wanted to make sure this guy was taught a lesson.

[PNGMK]

He had loan sharks after him.

[Addadude]

Meanwhile David Rasif is still at large. He was clearly much smarter in how he smuggled his clients' money out of SG.

https://wiki.sg/p/David_Rasif

Investigations
The Commercial Affairs Department revealed that three days before David Rasif left for Bangkok, S$11 million worth of cheques and telegraphic transfers were moved around several countries. According to The New Paper, records showed that David Rasif transferred about S$14 million to seven people, some of whom were unsuspecting accomplices to his crime. Among these exploited third-parties were a Singaporean couple who withdrew S$1.08 million for David Rasif and A. Moorthy, a former private security executive.

Jewellery spree & gold bar purchases (Singapore)
Investigations yielded that David Rasif went on a jewellery spree days before leaving Singapore. He disappeared after spending more than S$2 million on jewellery. David Rasif reportedly bought 27 pieces of jewellery from Jewel’s DeFred within a week starting from 30 May 2006. According to news reports, he bought the following items a few days before his disappearance.

On 1 June 2006, David Rasif spent S$1.65 million to purchase 47 1-kg gold bars from United Overseas Bank (UOB). The gold bars were placed in a briefcase and handed to Bernard Ong Ee Beng for “safe-keeping” at a Toa Payoh carpark. Bernard hid 28 gold bars for Rasif in his brother’s house at Kim Keat Avenue. He left the remaining 19 at accountant Lye Thiam Hock’s house. Both men were arrested on 31 July 2006 for abetting to a crime.

[malcontent]

Didn’t I read somewhere that they were looking at changing the law so that when buying a property the money doesn’t flow through the lawyer’s hands?