According to a media release, a DBS staff has been sentenced to 2 months of jail after his involvement in cheating customer money. The 27-year-old was charged with 2 counts of cheating.
The accuse was hired by the DBS Bank in Nov 2015 as a sales agent selling financial products. He was later posted to a POSB branch in Yishun North in Apr 2018 to May 2018. The accuse role is to advise customers on personal loans and credit card related matters.
On 14 May 2018, the victim approached the accuse to assist him with a loan application amounting from S$5,000 to S$6,000. Upon checking the system the accuse noticed that the victim is only eligible for a loan of S$3,100 and he did not inform the victim.
The accuse observed that the victim does not understand English, he then brought the victim to the ATM and applied for the loan. Later that day, the victim contacted the accuse to asked to cancel the loan application after noticing the differences in the amount he wants.
When the victim return to the branch, instead of cancelling the loan application the accuse transferred the money into his own account in front of the victim. The incident was reported to the authorities by the bank after it was discovered in 2018.
According to the law, the accuse could be jailed up to 3 years and fined for the offence that he committed.