Former Sakae Holdings director, Andy Ong Siew Kwee, has been sentenced to more than ten years in jail for misappropriating $15.8 million. Ong, along with Ho Yew Kong and Chua Wei Tat, were convicted following a trial. The case centers around the misuse of company funds by the ex-director. Details of the specific misappropriation remain limited in this report. Ho Yew Kong and Chua Wei Tat also faced conviction in relation to the fraudulent activity. The sentencing serves as a warning against corporate misconduct and financial crimes within Singapore. The substantial jail term reflects the seriousness of the offense and the large sum of money involved.