Man jailed over $281,000 of criminal proceeds

A 54-year-old man was sentenced to eight months' jail for possessing criminal proceeds amounting to $281,000.

Abdul Majid Hamid Sultan pleaded guilty to possessing proceeds arising from the criminal activity of Quah Lai Meng.

Quah had given him the money after cheating DBS Bank of $2.1 million. When the police arrested Abdul Majib on January 22, he had only $181,000 in his possession.

Abdul Majid also admitted to helping Quah retain $1,000 of the money from DBS bank by opening a Maybank account for him.

From November 2007 to January 2008, Quah had cheated DBS by forging an application to set up a line of credit, withdrawing the maximum of $5,000 and then using dud cheques to 'repay' the loan.

He would then withdraw more money during the period taken for the cheques to bounce, which was usually one to two working days.

Police arrested the pair on January 22 after a DBS compliance officer made a police report.

Quah was sentenced in 2008 to 10 years of corrective training - a regime for repeat offenders that offers no chance of early release for good behaviour.

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