14 Nov '11, 9am

Financier of insurance bets jailed 10 months, fined $90000: A vegetable seller, who went to the Marina Bay Sands...

Financier of insurance bets jailed 10 months, fined $90000: A vegetable seller, who went to the Marina Bay Sands...

A vegetable seller, who went to the Marina Bay Sands casino to gamble, went on to finance and operate what is believed to be the first private betting syndicate in a casino here. Offering private bets is illegal. -- PHOTO: Singapore Police Force By Khushwant Singh A vegetable seller, who went to the Marina Bay Sands casino to gamble, went on to finance and operate what is believed to be the first private betting syndicate in a casino here. Offering private bets is illegal. When arrested on June 14, Lee Chin Chuan, 49, had on him $13,200 worth of chips, $4,784 in cash and a cheque for $100,000. He pleaded guilty to acting as a bookmaker in a district court on Monday and was jailed for 10 months. He was also fined a total of $90,000. His lawyer Alfred Dodwell said that Lee found out about insurance bets from a friend he met in the casino early this year. The friend explained...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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