SINGAPORE - A former senior personal banker was taken to court on Tuesday (Oct 8) after he allegedly defrauded his victims of more than $1.9 million in total.
Singaporean Han Delong, 33, faces 94 charges in all, including 65 counts of money laundering, 11 cheating charges and six counts of criminal breach of trust.
He is accused of committing the offences between February 2015 and April last year.
According to court documents, he is said to have misappropriated monies meant to be placed as fixed deposits with United Overseas Bank and OCBC Bank.
It was not revealed in court where he was working when he allegedly committed the offences.
The police said in a statement on Monday that Han allegedly defrauded his victims into parting with their monies under the pretext that the cash would be used towards placements in fixed deposits or investments in financial products.
The police added that he also allegedly resorted to the use of forged documents.
After he suspected that he was being investigated, Han allegedly tried to obstruct the course of justice by trying to tamper with the evidence of two witnesses, the police said.
UOB said that Han was a personal banker with the bank from August 2014 to December 2015.
OCBC Bank said he was a relationship manager with the bank from March 2016 to January 2017.
UOB added that it does not tolerate any employee’s breach of the banks code of conduct, "which is values-based and sets the highest professional and ethical standards we expect our people to uphold".
Without elaborating, UOB said that any of its employees who does not comply with the code faces disciplinary action.
OCBC Bank said that when it discovered Han's attempt to defraud a customer, he was dismissed and the matter was reported to the police.
"We take a serious view of such matters and will not tolerate any employee's breach of the bank's code of conduct," said OCBC Bank.
Han, who was unrepresented, told the court on Tuesday that he intends to engage a lawyer.
He was offered bail of $600,000 and the case has been adjourned to Oct 22.
For each count of criminal breach of trust, he can be jailed for up to 20 years and fined.
If convicted of cheating, he can be jailed for up to 10 years and fined for each charge.