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High Roller Jailed for Fraud

AUSTRALIA – As reported by the Australian: "One of Crown's richest high-rollers is behind bars, charged with a global fraud that saw a staggering $190 million (US$130.7 million) poured into his Melbourne casino account.

"The high-flying Singapore executive is accused of blowing tens of millions of dollars of stolen cash on Crown's big-stakes gaming tables.

"Crown lavished VIP treatment on Chia Teck Leng, who lived a double life as a finance manager and international playboy, for more than three years.

"…But his scam came unstuck on September 2, when he was arrested just days after what proved to be his final Melbourne gambling spree.

"Victorian Supreme Court documents obtained by the Herald Sun late yesterday detail his alleged crimes and the key role played by Australian Federal Police in netting the high-roller.

"The documents reveal Mr Chia stashed more than $29 million in a Westpac account opened in Melbourne. The AFP has since won a court order to freeze the account, on the basis of allegations that the money was looted from four foreign banks.

"…Mr Chia was the finance manager for Asia Pacific Breweries -- famous for its Tiger Beer.

"A Singapore court was told earlier this month that the 43-year-old married father of two had `utilised the huge amounts of money at his disposal without any restraint to sustain the hedonistic lifestyle of a casino high-roller'.

"Mr Chia is alleged to have forged documents to obtain about $98 million in credit and loans from banks in Japan, Germany and Sweden.

"Police are yet to recover $76 million and fear it has been lost at casino gaming tables in Asia and Australia, including at Crown…"

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