SINGAPORE - The managing director (MD) of an international food trading firm misappropriated more than $1 million from it between 2016 and 2018. Ho Soo Ann, who was Frosts Food International's MD from 2001 to 2018, proceeded to gamble away his ill-gotten gains and has made no restitution. On Thursday (Dec 17), the 57-year-old Singaporean pleaded guilty to one count of criminal breach of trust involving more than $700,000 and was sentenced to four years' jail. A similar charge involving the remaining amount was considered during sentencing. Deputy Public Prosecutor Ng Shao Yan said that while working for the firm, Ho was responsible for overseeing its business operations including its revenue and account transactions. He was entrusted with collecting payments from the company's overseas customers but breached the trust placed in him when he misappropriated more than $700,000 from Sept 2, 2016 to Aug 2, 2017. The DPP said: "He did so by directing the overseas customers to make payments for their orders with the company into the accused's personal bank account... instead of the company's corporate bank account. "The overseas customers did not suspect that there was anything amiss with...