SINGAPORE – A Maybank Singapore service manager misappropriated more than $1.4 million in total from a workplace safe over 15 occasions, and used the monies to fund his gambling as well as forex trading activities.
Deputy Public Prosecutor Leong Kit Yu said: “Out of desperation, he borrowed money from his friends, family and licensed moneylenders to pay off his debts. He knew that the key to the safe was kept in an unlocked drawer of a desk shared by him and the cash officers of the bank branch. After that, he would either convert the misappropriated cash into casino chips or deposit his ill-gotten gains into his POSB account to be used for forex trading and personal expenses.
His plan unravelled on June 11, 2021, after he took $404,000 from the safe and lost the entire sum at the Marina Bay Sands casino.
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