Head Topics

Maybank manager burnt by forex trading took S$1.4 million from branch safe, gets jail

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

Phua Kai Liang confessed to his crime after his fiancee urged him to do so, and made full restitution with her help.

SINGAPORE: A service manager at a Maybank Singapore branch incurred credit card debts and suffered heavy losses from trading in the foreign exchange market .

He managed the employees there and oversaw the day-to-day operations of the branch, including counting the cash in the safe, disarming and arming the security alarm, and opening and closing the branch. He reported directly to the branch manager. In March 2021, he decided to begin funding his gambling and Forex trading using cash from the bank's safe.

He would also make sure that the number and denomination of the notes tallied with the cash records kept at the branch.BUSTED WHEN HE LOST ALL THE MONEY

Source: Digital Coin News (digitalcoinnews.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Self-exiled ex-PM Nawaz Sharif plans return to Pakistan, but can he lead party to election victory?Nawaz could be arrested upon arrival and taken to jail to resume his seven-year jail sentence for corruption. Read more at straitstimes.com.
Source: straits_times - 🏆 5. / 69 Read more »

Malaysian ex-PM Najib fails to lift freeze order for S$934m assetsKUALA LUMPUR — The Kuala Lumpur High Court on Wednesday (Sept 27) upheld an order to freeze US$681 million (S$934 million) in assets connected to former Malaysian Prime Minister Najib Razak.
Source: TODAYonline - 🏆 1. / 99 Read more »

NTUC calls for equal training opportunities for older workers to lift their job prospectsA recent survey showed a decline in the training participation rate as one gets older. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »

Pressure piles on China Evergrande with chairman Hui Ka Yan under police surveillanceThe company's shares rose nearly 4 per cent in early trading on Wednesday (Sep 27) after their sharp recent declines.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »