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

  • 📰 ChannelNewsAsia
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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

 

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