Director Charged with Criminal Breach of Trust

In a startling turn of events in Singapore, the managing director of Car Search, Ken Lee Thiam Hock, aged 46, has been charged with criminal breach of trust, accused of misappropriating a staggering sum of $52,300. This shocking incident came to light on April 3, 2025, when authorities revealed the extent of the alleged fraud that ties back to a series of failed vehicle sale agreements exceeding $1 million.

Background of the Accused

Ken Lee is not just tied to Car Search; he also holds the position of director and shareholder in another automotive firm, Cars Select, raising further questions about his operations and business practices.

Details of the Fraud

Investigators from the Bedok Police Division initiated inquiries after multiple reports emerged between October 2024 and April 2025, detailing how the firm was incapable of fulfilling sale agreements. According to the police, the victims, who sought assistance from the firm for car purchases and sales during a six-month period from June 2024 to January 2025, were led to believe their transactions were secure. Instead, Lee reportedly deceived them by facilitating sale agreements but failed to execute the necessary car ownership transfers, leaving victims without their promised funds.

Legal Proceedings

As the allegations escalated, the Singapore Police Force confirmed Lee's arrest and noted that investigations are ongoing. The gravity of his situation became apparent when he was ordered to undergo a medical examination at the Institute of Mental Health following his court appearance, with the next hearing scheduled for April 17.

Potential Consequences

Should Lee be found guilty of criminal breach of trust, he faces a potential prison sentence of up to 20 years along with substantial fines, serving as a stark reminder of the legal consequences associated with business misconduct.

Industry Impact

As this case unfolds, it has already sent shockwaves through the automotive industry, raising concerns about trust, consumer protection, and corporate governance.

Conclusion

Stay tuned for updates on this developing story, as more details emerge from the courtroom!