Man, 20, linked to phishing scams involving bank customers admits to role in money-laundering
The prosecutor added: “While the accused was not the most senior member of the group, he played a key role in activities by assisting... to change the login credentials of the bank accounts, and test to see whether the accounts were working by transferring small amounts of monies between bank accounts.”
DPPs Chua and Ronnie Ang stated in court documents that between Dec 8, 2021, and Jan 19, 2022, the police received 768 reports from OCBC account holders who had fallen prey to phishing scams perpetrated by unknown scammers. Some of these accounts were later used to receive funds from the scams involving OCBC customers. Other bank accounts were used to handle funds from victims of other scams.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Top Singapore golfer Amanda Tan to compete in HSBC Women’s World Championship - Singapore News23-year-old Tan will be competing with the world’s top five players, namely Lydia Ko, Nelly Korda, Minjee Lee, Atthaya Thitikul and defending champion Ko Jin-young
Read more »
Man complains that the new staff he hired is being paid more than him - Singapore NewsSINGAPORE: A man who said that he had been employed the longest in his company also added that the new staff he hired was paid more than he was. In an anonymous post to popular confessions page SGWhispers, a man complained that the new staff member he brought onboard received a higher salary. “How do …
Read more »
SG man says he feels like a failure in Singapore; can't BTO with his non-S'porean partner, doesn't feel he belongs here - Singapore News'All the times I got bullied at work as a local by foreigners and expats as an adult. It’s not that I hate Singapore or anything. I just feel like I don’t belong, even if I try my hardest', he wrote.
Read more »
Commentary: Budget 2023 - A sensible fiscal balance will keep Singapore competitive and resilientLooking ahead, FY2024 may be the crunch time where Singapore makes up for the previous few years of deficits, says OCBC chief economist Selena Ling.
Read more »
Berkshire dumps shares in TSMC, banks; increases Apple stakeNEW YORK/BANGALORE :Warren Buffett's Berkshire Hathaway Inc slashed its stake in Taiwanese contract chip-maker TSMC as well as in some banks in the fourth quarter, while bolstering its holdings in Apple Inc.Berkshire cut its position in Taiwan Semiconductor Manufacturing Co Ltd (TSMC) by 86.2 per cent to 8.2
Read more »
China commercial banks' non-performing loan ratio at 1.63% at end-2022 - regulatorBEIJING : Chinese commercial banks' non-performing loan ratio stood at 1.63 per cent at the end of 2022, the China Banking and Insurance Regulatory Commission said on Wednesday.The outstanding bad loans totaled 3 trillion yuan ($438.3 billion) by the end of last year, falling by 8.3 billion yuan from the
Read more »