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E82 - A Sky Full of Cash Part I
Episode 82
Published 4 years, 4 months ago
Description
Episode eighty-two dives into the staggering $35 million fraud by Teo Cheng Kiat in Singapore, a crime of both greed and betrayal.
In 1987, Teo Cheng Kiat's concerns about allowance discrepancies in Singapore Airlines were dismissed, but this slight ignited a scheme that saw him siphon $35 million over 13 years. This audacious fraud blasted through moral and fiscal norms, leaving a scar in Singapore’s corporate history.
How could one man covertly conduct the largest commercial fraud of its time? What loopholes did he exploit, and how was his grand deception finally uncovered?
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