Monday, January 23, 2006

Similarity of Air and Money

In one of my speeches that I have done for my Toastermasters' club. I spoke about the air and money. This was done at the NCS toastmaster club in 2003. For those who have not heard my speech on the topic. Here is a little insight of the speech whereby I have put the relevance of Money and air. Money is not everything but it is essential. So is Air.... Polluted air leads to illness and so are money earned through illegal means would lead to problems at a later stage.

Both cases has pocketed 10 million.



Here are a few examples.


Singapore Straits Times Friday January 20, 2006 (Home section)

Ex-finance and admisntration executivew actions drived by 'pure greed' says DPP; women sentenced to 10 years' jail.


And yet another case from the Star January 13 2006.

Ex-director accused of pocketing RM13.1mil
A FORMER company director has been charged with misappropriating company funds totalling US$3.47mil (RM13.1mil).

Malaysian Lee Ee Teong, 43, is claiming trial to 15 charges.
He was first produced in court last month for misappropriating US$685,000 (RM2.5mil) and US$335,000 (RM1.2mil) from BJ Services Company (Singapore) on Sept 13, 2001, when he was a director of the company.

On Wednesday, 13 more similar charges were filed against him for alleged offences committed when he was a director of that company as well as of BJ Services Company (Australia) and Oilfield Chemicals Trading, one of the subsidiaries.

The alleged offences occurred in Singapore between August 2000 and November 2001.
BJ Services, a listed company in the New York Stock Exchange, provides pumping, pipeline and other oilfield services.

Lee, a Singapore permanent resident and qualified chartered accountant, joined the company about eight years ago. He resigned in September 2004.
He was offered bail of S$1.5mil (RM3.3mil) last month, but could not raise the amount. So he was remanded.

His lawyer, Sant Singh, requested that bail be reduced to S$200,000 (RM444,854).
Lee, who came under investigation for a missing US$10mil (RM37.8mil) sum, had already paid back US$9mil (RM34mil) well before the investigation started, said Sant Singh.
District Judge Malcolm Tan reduced bail to S$820,000 (RM1.8mil). – The Straits Times / Asia News Network