A Singapore court has sentenced a 47-year-old Indian national to nine weeks in jail for failing to return an amount of Singapore Dollar 25,000 (approximately Rs 16 lakh) despite knowing that it was transferred to his bank account by mistake. That this amount was not his.
Periyasamy Mathiyazhagan pleaded guilty to misappropriation of funds on October 14 and told the court that he had used the money to repay loans and sent some of it to his family in India.
The loan money went to the wrong account
Periyasamy worked for the plumbing and engineering firm from 2021 to 2022. His legal troubles began on April 6, 2023, when a female administrator of the same firm transferred S$25,000 to his bank account, which she believed to be the firm’s account. State Prosecution Officer (SPO) Lim Yeow Leong told the court that the woman had taken a personal loan from the company and wanted to repay it.
Letters sent several times to repay the money
‘The Straits Times’ quoted the SPO as saying that after making the wrong transfer, the woman learned the same day (from a director of the firm) that the account did not belong to the company and that the company had not received the cash. After this the woman informed Periyasamy’s bank about the wrong transfer and asked for help in getting the money back.
On April 10, 2023, the bank sent a letter to Periyasamy, in which it was said that the woman had demanded to return the cash. On May 9 the same year, the company informed him through another letter that the cash had not been received back. After this the bank lodged a police report on 23 May.
Periyasamy had an idea of ​​the money coming into his account
Investigation revealed that Periyasamy had learned earlier that month that the money had been deposited in his bank account. The SPO said that the criminal did not expect to get such a huge amount of cash from any other place and he knew that this amount was not his. Despite this, he transferred 25,000 Singapore dollars to another bank account in four separate transactions on 11 and 12 May."text-align: justify;">At the end of the month the company’s administrative staff noticed that the bank’s letter addressed to Periyasamy had been sent to the firm. The director of the firm called him to the firm, handed him the letter and asked him to return the amount. Periyasamy replied that he had used that amount to repay his debts.
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