Manager accused of orchestrating fraud scheme with external suppliers
Singapore's High Court recently dealt with a case involving a marketing manager who faced allegations of orchestrating a fraudulent scheme over seven years, siphoning money from her employer through fake purchase orders and conspiracy with external suppliers.
The worker's estate denied all claims and argued that the employer's management was fully aware of and had effectively consented to the alleged scheme.
The defence maintained that senior management, including executive directors, had approved the arrangements and that the company could not claim ignorance of activities it had sanctioned.
The estate also argued that the employer could only prove actual financial loss for a small fraction of the transactions it claimed were fraudulent.
The marketing manager headed a local sales team at a precision engineering company that manufactured component parts for automotive, electronics, semiconductor and aerospace industries.
Between 2013 and 2019, the employer alleged she exploited the company's sales procedures to create 236 fraudulent purchase orders, working with a manager from an external supplier company called Integrated Power Solutions (IPS).
The employer's sales procedure operated through a process where customer purchase orders would be entered into the company's computer system to generate corresponding sales orders. The company would then issue its own...
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