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Retiree sues UOB over $1.15m in investment losses
Under dispute is whether she was tricked into bad investment or was a competent investor
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A 72-year-old retiree is suing United Overseas Bank (UOB) and a former relationship manager at the bank after suffering losses totalling $1.15 million.
PHOTO: ST FILE
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A 72-year-old retiree is suing United Overseas Bank (UOB) and a former relationship manager at the bank after suffering losses totalling $1.15 million.
Madam Tan Swan Choo said she was deceived by Mr Keigo Lam Yew Kai into believing she had put her money into investment vehicles sanctioned by UOB, when they were in fact unsecured loans to Broadwell, a company incorporated in the British Virgin Islands.
