Raining...




WHO SAID... Monkeys in high post with big pay check will not eat money? THINK AGAIN!!! Former BMW MD getting into hot soup by dealing in Mercedes to get CASH out of it.

Anyway 3 cheers to the boss of TTS who took all the Dumb @$$ who "EAT MONEY" to COURT and kick Sh!T out of them...

From ST:

Quote:

THE former head of Performance Motors has been convicted of corruption - the third employee at the BMW agent found guilty of receiving bribes.

GUILTY: Convicted of accepting a $78,000 bribe, Singleton could be jailed for up to five years. Marc Singleton, a Briton and a permanent resident here, now faces the possibility of a maximum five-year jail term. District Judge Kow Keng Siong found Singleton, 43, guilty of obtaining $78,000 from Ms Jeslin Teo Kian Hong in July 2002 for continuing to appoint her company, Teo Tian Seng Motor Credit, as an authorised BMW dealer.

In February this year, former senior sales manager Chong Ann Teck was fined $36,000 and ordered to pay a penalty of $12,700 for accepting a plasma TV from Performance Motors' finance agent Skyway Credit and Leasing. Then, in April, former director of sales and marketing Patrick Pow Kwok Yun was fined $120,000 and ordered to pay a penalty of $142,000 after he admitted receiving gifts and loans totalling $160,000 from Ms Teo and her finance agent.

Singleton was the managing director of Performance Motors, Malaysian conglomerate Sime Darby's BMW agent in Singapore, at the time of the offence. He was later managing director of Sime Darby Motors but quit in September last year. The $78,000 he took came from the proceeds of a Mercedes 350 convertible that he sold to a friend after Ms Teo lent it to him. Ms Teo had told the court she was 'astonished' when he asked for the money, as he had not paid for the car. She said she lent him the car and then gave him the money as he was the key person who could affect her future business with Performance Motors.

Singleton had claimed that their relationship soured when Ms Teo's dealership was terminated and she threatened to 'expose' the misdeeds of certain employees at Performance Motors. He said he had paid Ms Teo $11,000 for a 1972 Mercedes in February 1999.

Bank records showed he had withdrawn this sum. He said he spent $6,000 repairing the car before swopping it for a newer Mercedes 190 from Ms Teo. In 2000, he said, he swopped the second car for the Mercedes 350 convertible from Ms Teo. He spent a year restoring it at home and at Performance Motors' body shop before selling it in 2002.