08 Feb '11, 11pm

Ex-M1 employee sold 3,092 handphones to enjoy the high life, buying a Porsche & luxury watches

SINGAPORE - The High Court has granted telecommunications operator M1 a default judgment against an ex-employee who allegedly took 3,092 handphones and enjoyed the high life with profits made from selling them. In a closed-door hearing last week, the court also ordered Matthew Yeo Kay Keng, 35, to pay $2.06 million damages to M1. The High Court decision comes after Yeo failed to enter his defence by Jan 14 to contest M1's claims in its civil suit. Yeo, who sold M1 handsets and phone subscriptions to corporate clients, had allegedly been cooking up fake sales orders over three years. He would then collect the handsets and sell them. On Nov 15, the day he returned from a $10,000 Japan trip, he admitted to taking the handsets after M1 found the discrepancies. Sworn statements by M1 chief financial officer Lee Kok Chew said Yeo admitted to taking the phones. He had also disclo...

Full article: http://www.todayonline.com/Singapore/EDC110209-0000242/Ex...

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