SINGAPORE: A former wealth planning manager with DBS Bank has been issued 10-year prohibition orders after deceiving clients into transferring a total of S$490,000 into his personal bank account.
Loh falsely informed some of these clients that their money would be placed in fixed deposit accounts with DBS, said MAS. “While Loh is no longer an appointed representative in Singapore, the prohibition orders were issued against him to safeguard the integrity of Singapore’s financial sector.”
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