UOB sues retiree to recover funds he alleges were lost in phone scam

Man refuses to pay $105k, blames bank and makes counterclaim for loss of his own funds

Mr Lim Thiam Ho said that after finding that his credit balance had been almost totally depleted, he called the UOB hotline to inform the bank that he had fallen victim to a phone scam. ST PHOTO: LIM YAOHUI
Mr Lim Thiam Ho said that after finding that his credit balance had been almost totally depleted, he called the UOB hotline to inform the bank that he had fallen victim to a phone scam. ST PHOTO: LIM YAOHUI
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United Overseas Bank (UOB) has gone to court to recover more than $100,000 it advanced to a retiree who has refused to pay the amount, claiming that the bank was solely responsible for the loss which arose from an alleged phone scam.

UOB says Mr Lim Thiam Ho, 61, owes $105,080 because it made a cash advance under his credit card account.

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A version of this article appeared in the print edition of The Straits Times on November 19, 2020, with the headline UOB sues retiree to recover funds he alleges were lost in phone scam. Subscribe