Local man gets seven years’ jail for embezzling BND600K

Fadley Faisal

A 40-year-old local man was sentenced to seven years behind bars by the Intermediate Court after being found guilty of embezzling over BND600,000 of his company’s funds, forgery and money laundering.

Deputy Public Prosecutor Dayangku Didi-Nuraza binti Pengiran Haji Abdul Latiff revealed in court that the defendant was employed as an account executive in October 2012 and was promoted to lead the business support team in June 2014.

One of his duties was to issue invoices for jobs performed by the company and ensure payments were made on time.

He first forged a cheque and withdrawing BND72,000 from it, and embezzled the rest by issuing and cashing out cheques with an authorised signatory. He also remitted BND42,493.89 to his wife and father-in-law in the Philippines. Then, he abruptly resigned in December 2015.

The defendant’s actions came to light when the company’s operations manager discovered unauthorised withdrawals between April 2014 and December 2015. He lodged a police report, leading to the defendant’s arrest.

Investigations revealed that the defendant had misappropriated BND616,251.26 from the
company’s funds.

The defendant admitted to having spent all the money on personal expenses. On handing the sentence to Chan Kui Yu on October 17, Judge Harnita Zelda Skinner noted that the offences were purely committed out of selfishness and greed.

The court also took into account the length he had gone to conceal his actions by fabricating receipts to support the issuance of cheques.