Accounts manager transferred company funds of $1.4m to 'online friend', realises she's been scammed

A 42-year-old woman who fell victim to a love scam had allegedly misappropriated company funds of more than $1.4 million.

She lodged a police report last Thursday (Oct 10) about how she had been transferring large sums of money that amounted to around $1.4 million to her 'online friend', in hopes of receiving a parcel containing cash and valuables from him.

However, the parcel did not come.

"Further investigations revealed that the woman was employed as an accounts manager, and had in that capacity misappropriated company funds amounting to S$1,426,718," said the police.

Police then arrested the woman, who was charged in court on Saturday (Oct 12) with criminal breach of trust as a servant.

If convicted, she faces a jail term of up to 15 years and a fine.