Samurai Posted December 31, 2008 Report Share Posted December 31, 2008 Cortina Watch....one of the largest chain of ADs in Singapore had a nice Christmas present in store when they opened for business the day after Christmas. Seems like Santa had cleaned up one of their outlets. Get this....386 pieces of watches worth US$5.2Million were stolen....along with $27,000 in cash. Police suspects a recently laid off employee of Cortina to be in cahoots with the burglars. Wonder where will all these watches land up.....maybe will come up as production over-run from OEM factory on one of our dealer's site Cheers Quote Link to comment Share on other sites More sharing options...
mwee Posted December 31, 2008 Report Share Posted December 31, 2008 Hi, I read the news too! Can't believe this happend in Raffles City and no one noticed! Quote Link to comment Share on other sites More sharing options...
dluddy Posted December 31, 2008 Report Share Posted December 31, 2008 Cool, more Panerai parts soon to hit the market Quote Link to comment Share on other sites More sharing options...
Samurai Posted December 31, 2008 Author Report Share Posted December 31, 2008 I have it on good source that the pieces stolen have been shipped to GZ and will be used for a 1:1 replication excercise Quote Link to comment Share on other sites More sharing options...
coolfire Posted December 31, 2008 Report Share Posted December 31, 2008 Read about it yesterday in the papers too... I just hope it isn't a ploy by cortina themselves to report substantial losses for the financial year. Quote Link to comment Share on other sites More sharing options...
lanikai Posted December 31, 2008 Report Share Posted December 31, 2008 Cortina Watch....one of the largest chain of ADs in Singapore had a nice Christmas present in store when they opened for business the day after Christmas. Seems like Santa had cleaned up one of their outlets. Get this....386 pieces of watches worth US$5.2Million were stolen....along with $27,000 in cash. Police suspects a recently laid off employee of Cortona to be in cahoots with the burglars. Wonder where will all these watches land up.....maybe will come up as production over-run from OEM factory on one of our dealer's site Cheers Wow,.. nice time to be a fence... .. figure they get 10 cents on the dolla ?? Like DL Say's there's gonna be a lot of watches that "fell off trucks"... at least if your going to be a thief .. don't nickel and dime it... Quote Link to comment Share on other sites More sharing options...
kye_lin Posted December 31, 2008 Report Share Posted December 31, 2008 (edited) 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... Edited December 31, 2008 by kye_lin Quote Link to comment Share on other sites More sharing options...
FxrAndy Posted December 31, 2008 Report Share Posted December 31, 2008 wasnt me Quote Link to comment Share on other sites More sharing options...
coolfire Posted December 31, 2008 Report Share Posted December 31, 2008 wasnt me Who? kye_lin, thanks for the amazing info. I haven't read the news today yet, have our local newspapers reported anything further yet? Hmm... Maybe andy is one of the ready buyers? Quote Link to comment Share on other sites More sharing options...
RobbieG Posted December 31, 2008 Report Share Posted December 31, 2008 I didn't do it. I don't drive a Mercedes. But I do buy lunch a lot... Quote Link to comment Share on other sites More sharing options...
Samurai Posted December 31, 2008 Author Report Share Posted December 31, 2008 Excellent.....we can then hope to get some 1:1 reps of these high-end watches soon Quote Link to comment Share on other sites More sharing options...
mwee Posted December 31, 2008 Report Share Posted December 31, 2008 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... Hi Kye Lin, You have his contact number? Quote Link to comment Share on other sites More sharing options...
offshore Posted December 31, 2008 Report Share Posted December 31, 2008 Gee, the police list of "missing" would make amazing reading! But sounds like no chance of some "specials" on the 'bay! Quote Link to comment Share on other sites More sharing options...
Dani Posted December 31, 2008 Report Share Posted December 31, 2008 Of to Dubai and the Emirates for this watches. Maybe also some to Russia or me. Quote Link to comment Share on other sites More sharing options...
RobbieG Posted December 31, 2008 Report Share Posted December 31, 2008 Of course the question here is did he use false credentials when submittting the equivalent of our W-4 and I-9 forms here in the US when he was hired? In other words, did he use his real name and has already been found and questioned and will just deny it, or is he a ghost as his name and address in the paperwork are phoney? 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... Quote Link to comment Share on other sites More sharing options...
Samurai Posted December 31, 2008 Author Report Share Posted December 31, 2008 Of course the question here is did he use false credentials when submittting the equivalent of our W-4 and I-9 forms here in the US when he was hired? In other words, did he use his real name and has already been found and questioned and will just deny it, or is he a ghost as his name and address in the paperwork are phoney? Mate....extremely difficult to use forged credentials in Singapore....the system is very well controlled. The police have already been to his place and interviewed his parents. The dude has been missing since the day of the theft....most likely has gone over to Malaysia/Indonesia and onwards Quote Link to comment Share on other sites More sharing options...
RobbieG Posted December 31, 2008 Report Share Posted December 31, 2008 Thanks Sam - I had no idea. Figures though. Singapore is known to be a pretty tight ship. So what will the sentence be if he is caught? I assume theft is a big deal over there? Mate....extremely difficult to use forged credentials in Singapore....the system is very well controlled. The police have already been to his place and interviewed his parents. The dude has been missing since the day of the theft....most likely has gone over to Malaysia/Indonesia and onwards Quote Link to comment Share on other sites More sharing options...
Samurai Posted December 31, 2008 Author Report Share Posted December 31, 2008 When caught....the dude is looking @ anything between 5-15 yrs jail I guess .... and maybe a few strokes of canes. Singapore indeed is very tightly controlled in terms of law/order.....crime rate is negligible. Don't know of any other place in the world which is safer than here. Quote Link to comment Share on other sites More sharing options...
mwee Posted December 31, 2008 Report Share Posted December 31, 2008 When caught....the dude is looking @ anything between 5-15 yrs jail I guess .... and maybe a few strokes of canes. Singapore indeed is very tightly controlled in terms of law/order.....crime rate is negligible. Don't know of any other place in the world which is safer than here. I agree with you. Ony place I know where you can still feel relatively safe walking the streets alone in the middle of the night. However, yuo sure on the caning bro? I thought it was robbery, you get caned but for theft as well? I am actually curious how he managed to move out so many watches on a public holiday without rousing anyone's curiousity. Whare are the so-called security in the mall? 300 over watches ! Did they take the boxes as well? Quote Link to comment Share on other sites More sharing options...
siesta181 Posted December 31, 2008 Report Share Posted December 31, 2008 Security in the malls are a joke. But the whole situation will be sorted out. How the burglary was conducted and who did it. As to whether the person is going to be caught, thats another matter all together. Security guards might have seen him carrying some big suitcases out of the shop but probably did not stop to check, him being a staff at the shop and all. A heist like this cannot be executed as a one-man operation. He got help and I would say very good help indeed. Lets see how long before he's caught, if ever at all. Cheers Quote Link to comment Share on other sites More sharing options...
kye_lin Posted December 31, 2008 Report Share Posted December 31, 2008 (edited) No boxes taken.. just the authenticating papers.... this guy knew what he was doing.... This guy is gone... 'poof'.... 'insider' info suggests that the rich and powerful from the neighboring countries could be the potential buyers...... He could be assisted out of the country by ppl with diplomatic immunity at customs..... Edited December 31, 2008 by kye_lin Quote Link to comment Share on other sites More sharing options...
Samurai Posted December 31, 2008 Author Report Share Posted December 31, 2008 Anyone know how to get in touch with this guy? Quote Link to comment Share on other sites More sharing options...
Johnkaz Posted December 31, 2008 Report Share Posted December 31, 2008 See if this had been a rep outlet, the loss would have been miniscule. As for the perp given the cane!!! Seems like a great country for masochistic perv criminals. Johnkaz. Quote Link to comment Share on other sites More sharing options...
flex Posted December 31, 2008 Report Share Posted December 31, 2008 interesting news..how could anyone possibly move something out of the Raffle City.. that place is always crowded Quote Link to comment Share on other sites More sharing options...
Corgi Posted December 31, 2008 Report Share Posted December 31, 2008 At least nobody was killed. On the news we have stories of criminals who kill people over less than $500 worth of cash register money. Quote Link to comment Share on other sites More sharing options...
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