Scandoil  

Swissco's Finance Executive misappropriates $2 million


Published Dec 30, 2014
Swissco Holdings Limited

Swissco Holdings Limited has discovered that an aggregate amount of approximately S$2.58 million (the “Misappropriated Funds”) was misappropriated from the accounts of the Group over the last 3 years by the VP - Finance (the “Employee”) of the Company.

As of the date of this announcement, S$900,000/- has been recovered, leaving a balance of approximately S$1.68m to be recovered.

Preliminary investigations revealed that the Employee had falsified the Company documents to direct payment of the Misappropriated funds to her personal and family members’ bank accounts.

Tags: Swissco Holdings Limited




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml