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Rare multi-million-dollar watch theft in Singapore

More than five million US dollars' worth of watches have been stolen from a Singapore shop, the dealer said, in a rare crime of such magnitude in one of Asia's safest cities.

Cortina cor`ti´na   

n. 1. (Biology) a cobwebby remnant of the partial veil which in some mature mushrooms hang from the edges of the cap.

Noun 1.
 Holdings Ltd, which has outlets in Southeast Asia Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. , Taiwan and Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , said it discovered the theft last Friday.

"The theft involves timepieces at a net cost of about 7.9 million Singapore dollars (5.5 million US)," Cortina said in a statement late Monday to the Singapore Exchange “SGX” redirects here. For other uses, see SGX (disambiguation).

Singapore Exchange Limited SGX: S68 (SGX) is the stock exchange in Singapore.

SGX was formed on December 1 1999, following the merger of two established and well-respected financial
.

The theft occurred at Cortina's outlet in the Raffles City shopping mall after the close of business on Christmas Day and before the store opened on Friday, it said, adding that the incident would hit the company financially.
Copyright 2008 AFP Asian Edition
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Author:AFP
Publication:AFP Asian Edition
Date:Dec 30, 2008
Words:118
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