Police NSF steals gold bars worth $13,800 from retiree after losing money in stocks, soccer betting

By Elena Chong
The Straits Times
Wednesday, Mar 15, 2017

A police full-time national serviceman who lost money in stocks and soccer betting stole three 100g gold bars worth a total of $13,800 from an 84-year-old retiree, a court heard. 

Tan Bing Ren, 21, was a Special Constabulary sergeant when he stole the gold bars from Madam Tjang Siang Le at her flat in Waterloo Street on Nov 24 and 30, 2015.

He pleaded guilty to two counts of theft and was given 16 months' jail yesterday. A charge of pawning a gold bar for $4,600 was considered during his sentencing.

The court heard that Tan and his colleague were attending to a case of theft reported by Madam Tjang on Nov 24 when he stole a Credit Suisse gold bar from her. 

She had shown the officers the safe where she kept money and other valuables, and alleged that her maid had stolen from her. 

She took out most of the items and placed them on her bed. 

Among them were four gold bars, one of which was placed near Tan's file. 

Tan took one of them when his colleague and Madam Tsang were not looking. 

Deputy Public Prosecutor Mansoor Amir said Tan sold the gold bar for $4,600 at Value Max Pawnshop in Buffalo Road two days later. 

He repaid a friend $2,000, a sum he had borrowed to settle a bank debt he had taken out after suffering investment losses of $20,000. 

A few days later, he paid Madam Tsang a visit, purportedly to suggest installing CCTV cameras in the unit.