Savvy investor blames his bank for $3m losses after buying non-bank product

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A man lost over $3 million after he chose to invest in a non-bank product that was sold by an overseas company

A man lost over $3 million after he chose to invest in a non-bank product that was sold by an overseas company.

ST ILLUSTRATION: MANNY FRANCISCO

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SINGAPORE – A savvy investor trusted his relationship manager and put more than $3 million into a non-bank product. But when his investment went belly up, he tried to sue the bank to recover his money.

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