The court sentenced Tan Heng Khoon to two years and 11 months in prison after he pleaded guilty to five cheating charges. Tan failed to deliver sales proceeds to car sellers and lied to buyers about transferring ownership titles. In one instance, he even issued a partial payment specifically to stall an aggrieved party and prevent immediate police reports. As Tan lacks any means to settle the debts due to bankruptcy, no restitution was pursued during the proceedings.
Key points
The sole director diverted approximately half a million dollars in vehicle transactions i…: The sole director diverted approximately half a million dollars in vehicle transactions into personal accounts and ongoing business expenses.
Bad cheques and targeted partial repayments were intentionally deployed by the dealer to…: Bad cheques and targeted partial repayments were intentionally deployed by the dealer to stall victims and evade law enforcement intervention.
Defrauded clients will receive no formal compensation because the offender has already be…: Defrauded clients will receive no formal compensation because the offender has already been officially declared bankrupt.
Sources checked by our analysis pipeline: 1
- Tan Heng Khoon, 57, director of 360 Holdings, was jailed for two years and 11 months after pleading guilty to five cheating charges over second-hand car deals.
- He cheated sellers and buyers of luxury cars, including a Maserati and a Jaguar, by taking money, issuing bounced cheques, and failing to transfer ownership or sale proceeds.
- Victims lost around $500,000, police reports were filed, and Tan was arrested in November 2024 after the frauds came to light.
AI generated
SINGAPORE – The director of a car dealership who deceived some clients by using the money he received from selling their cars has been sentenced to two years and 11 months’ jail.
On Nov 5, Tan Heng Khoon, 57, pleaded guilty to five cheating charges involving luxury cars including a Maserati Levante GranSport and a Jaguar I-Pace.
The court heard that no compensation order was sought as Tan has been declared bankrupt and does not have means to repay the victims.
Tan was the sole director and shareholder of 360 Holdings, a car dealership company in the business of…
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