SINGAPORE - A former personal banker was charged on Friday after he allegedly cheated one of his customers of $220,000 with fictitious financial products. Read more at straitstimes.com.
SINGAPORE - A former personal banker was charged on Friday after he allegedly cheated one of his customers of $220,000 with fictitious financial products.
On seven occasions between Dec 1 and 23, 2022, Loh Sheng Yang, 29, who has lost his job, allegedly duped the man into believing that he was making fixed deposit placements with United Overseas Bank . The alleged victim is said to have been deceived into transferring the funds via seven transactions to four separate UOB bank accounts.A spokesman for the police said: “The had purportedly induced the victim to make these transfers under the pretext that it would be used for placements in the bank’s fixed deposits or investment in financial products which promised good returns.”Loh is in remand at the Central Police Division and his case has been adjourned to Feb 17.
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