Salesman of Royal Automotive charged with misappropriating $400,000
A former sales representative of local parallel importer Royal Automotive was charged yesterday with misappropriating more than $400,000.
Malaysian Chua Peng Jun, 23, allegedly committed criminal breach of trust of the amount belonging to the importer between May 17 and Nov 9, reported The Straits Times Online.
He is believed to have collected sales deposits totalling $414,564 from customers and issued fake invoices to them.
A police statement on Monday said they had received several reports against a local car dealership company.
According to the reports, the dealer had failed to deliver automobiles to customers after receiving the sales deposits.
Ang Mo Kio police arrested the accused on Sunday. He will appear in court again on Nov 22.
If convicted, he can be jailed for up to 15 years and fined for criminal breach of trust as a servant.
Last Friday, Royal Automotive announced on Facebook that Chua was no longer working for it as a salesman.