SINGAPORE, March 25 — A Singaporean man who received S$125,000 (RM386,539) by mistake and decided to keep it instead now faces jail, after admitting he spent the money and shuffled it across accounts to cover his tracks, according to Singapore-based media organisation CNA.

Loo Liew Ting, 63, pleaded guilty today to dishonest misappropriation and concealing criminal proceeds, after pocketing the six-figure sum that was wrongly transferred into his bank account.

The court heard that the money landed in Loo’s POSB account on July 11, 2024, after a 55-year-old man accidentally selected the wrong recipient while making a transfer.

Instead of alerting the bank or returning the cash, Loo kept quiet — even as banks tried to contact him —…