Goi Wee Shien, 43, has been charged with 16 counts related to offenses including cheating, money laundering, and forgery, according to The Straits Times.
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A worker cleans the OCBC bank logo in Singapore, 28 June 2005. Photo by AFP |
His trial, scheduled for July 8, was postponed until August 5.
From March 2015 to April 2016, Goi allegedly falsified three OCBC funds transfer forms to move SGD600,000 from the client’s account to a POSB Bank account held by a person named See Daoen.
See, 42, allegedly withdrew SGD549,000 of the illicit funds and passed the money to Goi on various occasions.
See is scheduled to plead guilty on August 19 for receiving property in his POSB account, knowing it likely represented Goi’s gains from criminal activities.
Goi is also being accused of other crimes.
Between February 2018 and September 2019, Goi is accused of directing someone to impersonate a bank client during phone-based pre-trade voice log confirmations to execute 48 trades in the client’s account.
Goi also allegedly made 12 unauthorized payments totaling almost SGD90,000 from the client’s account to settle credit card bills via the AXS mobile app and transferred SGD73,000 to third parties without authorization, Malay Mail reported.
Goi is also charged with accessing the client’s internet banking account without permission on two occasions to change data.
He also allegedly booked complimentary limousine airport transfers under the client’s name three times without authorization.
OCBC bank reported the fraudulent transactions to the police in October 2019 and terminated Goi’s employment.
Conviction for forgery with intent to cheat carries a penalty of up to 10 years in prison and a fine.
Acquiring property representing proceeds of crime can lead to up to 10 years’ imprisonment, a fine of up to $500,000, or both.
If convicted of cheating, an offender faces up to 10 years in jail and a fine.
