SINGAPORE, Sept 27 — In trying to pay back credit card debts and get back money that he had lost in foreign currency trading, a former service manager at Maybank dishonestly...
SINGAPORE, Sept 27 — In trying to pay back credit card debts and get back money that he had lost in foreign currency trading, a former service manager at Maybank dishonestly misappropriated more than S$1.4 million of the bank's money for his own use.
To open the safe, Phua had to first ensure that the security alarm was disarmed before using a key to unlock the cabinet, which housed the safe. Around March that same year, Phua decided to fund his gambling and forex trading using cash stored in Maybank's safe. Usually, he would store the misappropriated money in his bag, lock the safe, return the key to the drawer and reactivate the security alarm for the safe before leaving.
He would also make sure that the number and denomination of notes returned tallied with the safe's cash records that were kept at the branch.Over two occasions on the evening of June 10 in 2021, Phua dishonestly misappropriated S$404,000 from the safe and converted them into casino chips.His fiancee then encouraged him to confess to his wrongdoing and agreed to help him make full restitution to Maybank.
The cash officer agreed to help him on account that he told the branch manager. Both the manager and Maybank were informed by Phua of his wrongdoings on the same day.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore Tourism Board launches Made in Singapore global campaign to inspire travel to SingaporeSINGAPORE: The Singapore Tourism Board (STB) today unveiled Made in Singapore, its latest global campaign to inspire travellers to choose Singapore as their next travel destination.
Read more »
GlobalFoundries opens first-of-its-kind plant remote control hub in PenangGEORGE TOWN, Sept 26 — One of the world’s leading semiconductor manufacturers, GlobalFoundries, opened the first of its kind RM4.7 million (US$1 million) factory control tower...
Read more »
Singapore Tourism Board melancarkan kempen global Made in Singapore untuk menginspirasi pelancongan ke SingapuraSingapore Tourism Board (STB) hari ini melancarkan Made in Singapore, kempen global terkini sebagai inspirasi para pelancong memilih Singapura untuk destinasi pelancongan seterusnya.
Read more »
Former Maybank employee gets more than three years’ jail for taking S$1.4 million from bank safe to gamble, clear debtsSINGAPORE, Sept 28 — In trying to pay credit card debts and get back money that he had lost in foreign currency trading, a former service manager at Maybank dishonestly...
Read more »
Jail for ex-Maybank employee who took S$1.4mil from workplace safeSINGAPORE (The Straits Times/Asia News Network): A Maybank Singapore service manager misappropriated more than S$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
Read more »
Places of worship in Singapore on alert in wake of theft casesSINGAPORE (The Straits Times/Asia News Network): Installing tamper-proof locks on donation boxes and hiring security personnel are among the precautions some places of worship have taken in the wake of a string of thefts from Catholic churches, mosques and Taoist temples.
Read more »