I know the 'insider' news on this one... loss is actually close to SGD10 million..... the whole watch vault was cleared out.... PPs, APs, PAMs, Corums, IWCs all the highend watches...
Apparently this has been in the works for awhile.... the guy started work 4 years ago as a salesman... drives a Mercedes... very friendly and treats every one very well.... buying lunches... easy with the cash.... everyone loved him.... managers from the top to sales assistant.. funny guy as well...
He came in Christmas day during stock taking... chatted to everyone and left.... then doubled back when shop was closed... cleared out everything...
The word is he probably already have buyers/backers on this one..... all sorted out...