Police later managed to recover 23 watches worth $900,000. Read more at straitstimes.com.
SINGAPORE – A man accused of being involved in a case linked to stolen luxury watches worth about $1.6 million was charged in a district court on Monday with one count of criminal breach of trust.
that officers were alerted to a case last Saturday about a watch shop salesman who had received large sums of money from victims to buy luxury timepieces. The plaintiffs – four businessmen and professionals from Hong Kong, and a company registered in the territory – claimed that high-profile watch expert Dominic Khoo and his company had breached their respective investment agreements and made misrepresentations.
Within a year, the fund was to “repurchase” the watches to sell them at a profit to watch collectors and buyers.
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