SINGAPORE: A car dealer cheated a customer into transferring the ownership of his Porsche, promising good renewal rates for his Certificate of Entitlement ( COE), but used the car to secure a S$ 100, 000 ( US$ 74, 000 ) loan for his own use instead.
The person also pocketed more than S$ 60, 000 from the purchase of another company’s Toyota.
Tor Kar Wai, a 53-year-old Singaporean, was sentenced to three years ‘ jail on Tuesday ( Jul 23 ) for his crimes.
He admitted guilt on two counts of lying and judicial breach of trust as an agent, with additional three other counts being taken into account.
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Tor was a controlling producer and auto dealer for Atlantic Automobile at the time, according to the court.
He had formerly given a person a Porsche Panamera.
In January 2021, the victim’s husband approached Tor to maintain the COE for the Porsche.  ,
Tor claimed that if the car’s ownership was first transferred to Atlantic Automobile, he would refresh the Department at” a good price.”
He claimed that after the COE was renewed, rights may be transferred back to the man’s family and that his wife could continue to drive the Porsche in the interim.
The man consented, and he had his wife move the car’s ownership to Atlantic Automobile. At the time, the Porsche was for about S$ 111, 000.
Tor used the Porsche to secure a S$ 100, 000 product from Dickson Capital to Atlantic Automobile after taking over possession of the car, keeping the victim and his family in the dark.
To show possession of the Porsche to Dickson Capital, Tor used a forged order receipt that included the person’s name from a different file she had formerly signed.
Tor used the money he had to unlock various automobiles that he had put up as security for other money instead of refining the product.
He eventually made a default on the product, and Dickson Capital repossessed the Porsche from the victim’s family in September 2021.
To restore the vehicle, the victim paid Tor’s exceptional loan, suffering a reduction of S$ 69, 912.64.
Tor agreed to assist another person in buying a Lexus and selling her Toyota Harrier in February 2022 to pay the difference between the Lexus ‘ purchase price.
He sold the Toyota that exact quarter, receiving S$ 64, 652 from the customer. He gave the Lexus to the person, who then handed it back to the customer.
Tor, yet, used the money he had gotten from the Toyota sale to pay off his debt and spend at gambling.
User of the Lexus, who had not been paid, did not transfer rights to the person, but he instead used his spare key to retrieve the Lexus.
In the end, the girl did not get the Lexus. Otherwise, she lost the S$ 64, 652 from the price of her Toyota.
Tung Shou Pin, the deputy public prosecutor, requested 38 to 48 months in prison for Tor, claiming that he had a prior criminal judgment from 2005 that had expired in 2015.
Mr. Tung claimed that Tor had abused his position as a vehicle seller by defrauding the second victim and had purposefully deceived her into believing the Porsche equity would be returned.
According to Mr. Tung, the victim” suffered an enormous loss” because he had to spend Tor’s outstanding debt in order to prevent the Porsche from being auctioned.
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Otherwise, Mr. Wee Hong Shern, the attorney for the defense, requested a word of about 20 months in prison.
He claimed that his client and his relatives have been devastated by the prosecution’s” crushing” sentence, which his family is considering divorcing.
Mr. Wee claimed that his customer had various careers while growing up, including seller, property agent, and car salesman.
Tor worked hard and specialized in sales after being declared bankrupt in 1997, completing his debt payments and suing for debt ten years later, according to Mr. Wee.
Tor’s decision to enter the horizontal buy business, which Mr. Wee described as “extremely poor decision according to COE fluctuations and safe-keeping considerations,” cost him half a million dollars.
The COVID-19 crisis and ensuing quarantine was” the slow demise knell” of Tor’s organization, as people were not interested in buying or renting vehicles, said Mr Wee.
He claimed Tor remembered that the SARS crisis had only been present for a short period of time and that he had borrowed money to pay for car maintenance and upkeep in the hopes that he would survive.
But, as his bills increased and he became “increasingly desperate to find the funds necessary to keep his business afloat,” he admitted to committing the crimes, according to Mr. Wee.
He claimed that his spouse, who has been turned down for a job, has a child and two nephews with her.
Tor may be devasted by a three- to four-year sentence due to his despair, according to Mr. Wee, who was a doctor in 2021.
District Judge Lim Tse Haw said the total amount misappropriated, including the fees taken into account, was more than S$ 100 000, with no reparation being made.
The most serious criminal breach of trust crimes are those committed by agents, with up to 20 years in jail, according to Judge Lim.
He claimed that Tor’s handling of the Porsche was” really reprehensible,” with the target suffering pain from having the vehicle abruptly towed ahead.  ,
He gave Tor a year to start his jail term so that he could finish up with his family issues.