Saturday, June 20, 2009

Bank officer's fraud

Former bank officer, Ms Lynette Ng Pei Ling, was sentenced to 3 months for her offence of forgery in July 2007. As a relationship manager with United Overseas Bank, she had forged a letter purportedly from the bank guaranteeing a customer Mr Lok Kok Seng 10% returns per annum for 4 years. She made full restitution, an important fact in the court sentencing decision.

She later jointed HSBC but in court, said that she had lost her job.

She was supposed to obtain a $1,440 commission from the sale of a $150,000 investment to Mr Lok.

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