[SINGAPORE] Three professionals from the financial sector were charged in court on Wednesday with cheating, criminal breach of trust and money-laundering offences that they are said to have committed between 2009 and last year.
A Taiwanese, he was the director of Linden Asset Management when a BNP Paribas customer engaged the firm to handle her account with the bank.Shen acted as a proxy for the customer, relaying instructions to the bank on her behalf. He allegedly submitted instructions, purportedly signed by the customer, to the bank to transfer more than S$2.4 million into Linden Asset Management's bank account. The customer had not authorised the transfers.
The third accused, Ng Eu Hou, 27, a former loan officer with DBS Bank, allegedly deceived two victims whom he met while attending to their banking-related inquiries.
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