25 Jan '12, 8am

Man pleads guilty to embezzling $176,470 from Muslim religious trust

Man pleads guilty to embezzling $176,470 from Muslim religious trust

In a district court on Wednesday, businessman Abu Bakar Said Ahmad Alhabsi, 72, pleaded guilty to misappropriating $176,470 between 2004 and 2007. He will be sentenced on Apr 2 as he intends to make full restitution. -- ST PHOTO: TED CHEN By Khushwant Singh The four properties in Joo Chiat were placed in a trust upon the death of a tycoon in 1931 so that the rent collected would pay for the upkeep of a mosque in Yemen. Some 37 years later, a trustee diverted some of the money into his own pocket. In a district court on Wednesday, businessman Abu Bakar Said Ahmad Alhabsi, 72, pleaded guilty to misappropriating $176,470 between 2004 and 2007. He will be sentenced on Apr 2 as he intends to make full restitution. Court papers state that the will of Mr Syed Hood Ahmad Abdul Rahman Alsagoff created a 'wakaf' or a trust of the four properties when he died in 1934. Deputy Public P...

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

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