217 views

Fraudulent employee ordered to pay more than $2m

A high court ruling said the former EFG employee made 160 unauthorised trades in a client’s account.

A Bloomberg report quoted Judge Steven Chong as saying, “It is plainly unreasonable that a bank should be able to shift the risk of unauthorised transactions by a fraudulent employee to an innocent customer.”

The former bank employee was identified as Ng Ton Yee.

View the full report here.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!