The Ministry of Home Affairs (MHA) has reminded Singapore Premier League (SPL) clubs holding permits to operate jackpot machines to remain vigilant in their operations.
This comes after The Straits Times reported on Monday that a female employee from Hougang United - one of six SPL clubs running such operations - had been charged in court for allegedly misappropriating $278,200 from their clubhouse operations.
In response to ST's queries, an MHA spokesman said: "Following the fund misappropriation case at Hougang United Football Club, MHA has reminded all permit holders to be vigilant in their overall governance, processes and procedures, including maintaining accountability and checks and balances in their financial matters."
To operate fruit machines, clubs need to be granted a permit under the Private Lotteries Act, which is to be renewed annually provided a host of conditions are met.
One such condition is that clubs are required to open and maintain a separate bank account for jackpot revenue and maintain proper accounting records in that account.
Others include applying social safeguards, such as not allowing anyone under the age of 21 to enter the fruit-machine room, and installing closed-circuit television (CCTV) cameras to provide continuous recording of activities in the room.
Permits issued to clubs may be revoked if there are breaches of any of these conditions.
Presently, six of nine SPL clubs - Hougang, Albirex Niigata, Balestier Khalsa, Geylang International, Home United and Warriors FC - run jackpot operations at their respective clubhouses.
6 of 9
Singapore Premier League clubs running jackpot operations at their clubhouses.
Depending on the size of their clubhouse operations, they can hold a few hundred thousand dollars in cash for winner payouts.
Clubs ST spoke to said that, in addition to applying MHA guidelines, they also have stringent standard operating procedures to prevent the misappropriation of cash, or detect it if it happens.
Home, who run 23 machines at their clubhouse at the Bishan Sports Hall, conduct regular audits and surprise checks on employees.
Said a club spokesman: "We have in place a stringent system of checks and balances such as two-factor authentication, segregation of duties and daily report requirement for cash management.
"These initiatives are complemented by regular audits as well as surprise checks conducted."
Balestier, who operate eight jackpot machines at the Toa Payoh Stadium next to the club's administration office, keep a comparatively small sum of cash for payouts.
"The cashier's safe has a maximum of only $10,000 for daily operations," said club chairman S. Thavaneson.
"If there is a request by the cashier for additional cash as a result of large payouts, the club general manger will issue additional cash after verifying the payouts during the day."
"All cash balances, payouts, cash book are checked and reconciled at the end of each working day by the general manager," he added.
"Any discrepancy is immediately investigated and either corrected or reported to management for further action."
ST had reported that Malaysian Tean Tai Tee, the Hougang employee who was arrested and charged in court with one count of criminal breach of trust for having allegedly misappropriated $278,200, can be jailed for up to 15 years, and fined if convicted.
Football: Kante strike the difference as Chelsea beat Crystal
Feb 9 (Reuters) - Liverpool returned to the top of the Premier League with a confident 3-0 victory over Bournemouth at Anfield on Saturday. The win moves Juergen Klopps's side three points above second-placed Manchester City who face Chelsea on Sunday and would return to the top on goal difference with a victory.
Liverpool back on top after comfortable win over Bournemouth
Shawal strikes for Geylang to make it seven SPL defeats for Young Lions Young Lions will face Home United FC a week later at Bishan Stadium while the Eagles get a short three-day break before
SPL - 10/21 - Shanghai Lions Football Club
shanghai-lions.com/category/spl/page/10/
In the first half the youngster were a bit afraid especially because the seniors took an early lead but the managed to score a goal back thru Thai Striker Bank, 3-1 at half time and in the second half the young Lions played good football and proved not to be a walk over.
Football Association of Singapore - spl.sg
spl.sg/singapore-premier-league-week-1-roundup/
- Young Lions have not beaten Balestier in any of their last nine encounters now, drawing one of those. - Huzaifah Aziz has now scored against Young Lions in each of Balestier's last three trips to Jalan Besar. - This is Balestier's first opening league win since 2010 (2-1 vs Hougang), having lost each of their last four.
Daily roundup: Chinese teen told adoptive father is prime
Hazard marks milestone with early goal to help Belgium win. 2 Min Read. Soccer Football - Euro 2020 Qualifier - Group I - Cyprus v Belgium - GSP Stadium, Nicosia, Cyprus - March 24, 2019 Belgium's
Hazard marks milestone with early goal to help Belgium win
Usual suspects in the frame at expanded Asian Cup 2019
Antoine Griezmann fires Atletico Madrid level with Barcelona
Football: Watford's Gray strikes to sink Everton, pile pressure on Silva WATFORD, England (REUTERS) - Substitute Andre Gray scored a second-half winner as Watford beat Marco Silva's Everton 1-0 in the Premier League on Saturday (Feb 9) to heap the pressure on their former manager.
Watford's Gray strikes to sink Everton, pile pressure on Silva
(Reuters) - Arsenal's Alexandre Lacazette is eligible to play in Thursday's Europa League last 16 second-leg clash against Rennes after his three-match ban was reduced to two games, UEFA said on
Lacazette free to face Rennes as UEFA cuts ban - eurosport.com
Jul 01, 2012 · switch to the UK edition André Villas-Boas poised to take the reins at Tottenham Hotspur He earns £170,000 a week at the Etihad Stadium, an amount Spurs cannot match.
Soccer: Juve foiled by Gervinho brace after leading 3-1. 3 Min Read. MILAN (Reuters) - Parma forward Gervinho scored twice as his team hit back from 3-1 behind on Saturday to draw 3-3 at Serie A
Juve foiled by Gervinho brace after leading 3-1 - YouTube
Wolves beat Bournemouth in their best top-flight run for 38 years Soccer Football - Premier League - Wolverhampton Wanderers v AFC Bournemouth - Molineux Stadium, Wolverhampton, Britain - December 15, 2018 Wolverhampton Wanderers Helder Costa in action with Bournemouths Steve Cook REUTERS/Darren
Wolves beat Bournemouth in their best top-flight run for 38
Jordan Henderson is adamant Liverpool head into Tuesday's Capital One Cup semi-final, first-leg showdown with Chelsea brimming with the confidence and belief they can take a step closer to Wembley. The Reds welcome the Londoners to Anfield on the back of an eight-match unbeaten run in all
MADRID • A first trophy in seven years for Liverpool, and a first win in seven finals for Jurgen Klopp. The European Cup headed back to Anfield for the sixth time yesterday and their manager is confident there is much more to come, warning the rest of football's big boys that "this is still only the start".
Jurgen Klopp Vows 'It's Only the Start' for His Liverpool
On the other hand, there is no limit to the amount of money that you can keep in your bank account after a Chapter 13 bankruptcy filing. This is because the terms of Chapter 13 bankruptcy generally prohibit creditors from seizing your assets outright.
How Much Overage Can My Bank Keep in My Escrow Account
0 comments:
Post a Comment