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A 26-year-old man was arrested for misappropriating money and stealing luxury watches valued at about $1.6 million after a police report was made on May 20.
Investigations revealed that between September 2022 and May 2023, the salesman for a luxury watch shop located along Orchard Road, had received large sums of money from victims to purchase luxury watches.
After receiving the payments, the man allegedly misappropriated the funds.
The man had also allegedly stolen several luxury watches from the shop and pawned the watches in exchange for cash.
Through extensive enquiries and follow-ups, officers from Central Division recovered 23 luxury watches amounting to $900,000.
The man was to be charged in court on Monday (May 22) with the offence of criminal breach of trust by employees, which carries an imprisonment term of up to 15 years, and a fine.