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SINGAPORE – A man, whose kidnapping in Thailand made headlines in January, has appeared in a district court over charges in a case where he allegedly misappropriated more than $320,000 in 2014. He was offered bail of $80,000 on Monday (Feb 3).
Court documents did not state if the misappropriation case was linked to his alleged kidnapping.
Mark Cheng Jin Quan, 32, told District Judge Christopher Goh on Monday that he will be applying for a private lawyer to represent him after the Criminal Legal Aid Scheme rejected his earlier application.
Cheng, who is a former blockchain adviser with Singapore fintech company X Infinity, is accused of three counts of criminal breach of trust.
In May and June 2014, he was allegedly engaged in a conspiracy with a man identified as Loh Zhi Xiang, 31, to misappropriate cash totalling more than $320,000 belonging to an organisation known as Zabel Global Investments.
Loh’s case is still pending.
Cheng’s court case has been adjourned to March 2. If convicted of criminal breach of trust, he can be jailed for up to seven years and fined for each charge.
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