The Straits Times reported that Richard Goh, 56, a Malaysian pleaded guilty to 24 charges related to a conspiracy to siphon S$100 million (RM312.3 million) worth of marine gas oil between August 2014 and January 2018.

He also faces 26 additional charges, bringing the total to 50 – 39 for criminal breach of trust, six for money laundering, four for corruption and one for drug consumption.

Goh admitted to receiving at least S$1.5 million in criminal benefits, spending the money on property, at least two cars and investments, while saving a portion.

He consented to the forfeiture of assets seized from him, worth S$1.07 million, as compensation to the oil and gas company.

High Court judge Dedar Singh Gill granted a request by Goh to defer his sentence and ordered him to surrender at the state courts on April 20.