Singapore Casino Regulator Disgraced, Sentenced to 25 Months in Prison
A former executive director at Singapore’s Casino Regulatory Authority (CRA) will pass the next 25 months inward prison after admitting his guilt in stealing and marketing items belonging to the government agency.
Zulkiflie Yacob, 45, worked at the CRA before the gaming regulator lowest twelvemonth formally transitioned to its unexampled identity, the Gambling Regulatory Authority. Prosecutors inward the city-state alleged inward courtroom in conclusion yr that patch workings at the CRA betwixt Apr 1, 2016, through Oct. 30, 2018, Yacob stole more than 750 printer cartridges and sold them online.
Yacob’s job responsibilities at the CRA included procuring office staff supplies. Yacob eventually pleaded shamefaced to stealing 621 pressman cartridges worth nearly S$80,000 (US$60,300). His plea included II counts of felon breach of trust.
Yacob admitted to overordering printing cartridges to sell some on Carousell, a popular online mart in Singapore.
Lengthy Prison Sentence
During Yacob’s sentencing this week, prosecutors said a lengthy prison stint is warranted because of the possible deprivation of public trustingness inwards the government agency.
“During the course of instruction of investigations, the accused revealed that he declared financial embarrassment in 2015 and hence used the monies received from the cut-rate sale of the dishonestly misappropriated pressman cartridges to pay off his bills and expenses,” said Deputy Public Prosecutor Niranjan Ranjakunalan. “The accused did so to dishonestly misappropriate and sell some of these pressman cartridges, and pocketed the sales proceeds.”
To preserve his prison house sentence as myopic as possible, Yacob made a partial restitution of $25K to the Gambling Regulatory Authority inwards January. Yacob claimed that he profited past merchandising the cartridges, which he typically discounted by $50 to $100 online.
[Yacob] wishes to explain that the return amount made is based on the amount of money he earned from merchandising the misappropriated toners and cartridges,” his attorney argued inward homage in requesting a doom of non more than 16 months.
The jurist handed down a prison house sentence of 25 months. Yacob was released on $15K bail bond and testament payoff on April 28 to lead off his prison house term.
Yacob faced considerably more clip behindhand bars, as each look of criminal breach of cartel a person is deemed shamed of in capital of Singapore is punishable past upward to 20 years in prison.
Gambling Regulatory Duties
Singapore’s Gambling Regulatory Authority governs the city-state’s casino duopoly held past Marina Bay Sands and Resorts World Sentosa. Las Vegas Sands and Malaysia-based Genting own and control the integrated resorts.
In 2019, the Singaporean authorities in agreement(p) to offer the firms’ duopoly through and through 2030. That was through in interchange for for each one cassino farther investment approximately $3.3 1000000000 into their resorts through renovations, expansions, and upgrades.
Marina Bay Sands is often called the “gold standard” of the planetary structured resort industry. Before the pandemic, the holding was regularly deemed the world’s to the highest degree prosperous gambling casino resort.
In 2019, Marina Bay Sands generated more than $2.16 1000000000000 inward gross gaming revenue. The property’s hotels added $404 1000000 inwards revenue.
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