When they called it The Straits Times Pocket Money Fund, they didn't know who would pocket the money.
A SENIOR executive with Singapore Press Holdings (SPH) has been sacked after admitting that he received illegal payments and misappropriated shopping vouchers.
Mr Peter Khoo Chong Meng, 47, who spent 22 years at The Straits Times, first as a sports journalist and then as its chief of branding and promotions, was a senior vice-president in the English and Malay Newspapers Division (EMND).
He came forward early this week and told his editors what he had done. He has also repaid $196,500.
A police report has been made and investigations are ongoing, the company said last night.
The news shocked everyone who knew Mr Khoo as the public face of The Straits Times School Pocket Money Fund (STPMF), the newspaper's 10-year-old charity which provides financial assistance to disadvantaged children. He was its organising chairman.
In its statement, SPH said: 'To the best of the company's knowledge, none of the donations made to the STPMF has been misappropriated.'