Indian-Origin Teen In Singapore Charged For Dishonest On Financial institution, Cash Laundering

Indian-Origin Teen In Singapore Charged For Cheating On Bank, Money Laundering

The accused helped unknown individuals launder cash amounting to SGD 249,000, in keeping with report.


An Indian-origin teenager was on Friday charged with one depend of dishonest and one depend of abetting an unknown individual to safe unauthorised entry to a financial institution’s pc system which laundered cash amounting to greater than SGD 249,000, in keeping with a media report.

Mathana Raaj Singh engaged in a conspiracy to cheat UOB Financial institution by deceiving the financial institution into believing that he was the only real operator of the checking account that he had opened in Could final yr, reported The Straits Instances newspaper.

The UOB account he opened was then allegedly utilized by rip-off syndicates to launder felony proceeds of greater than SGD 249,000.

Singh, 19, then allegedly gave his i-banking login credentials to an unknown individual for the aim of effecting transactions on the UOB pc system with out authorisation, the report mentioned, citing the courtroom paperwork.

The police mentioned {the teenager} opened a checking account and allowed others to make use of it after studying a few money mortgage being provided in change for checking account particulars on the messaging platform – Telegram, it mentioned.

The boy had responded to the Telegram message in Could 2022.

On Friday, Singh indicated his intention to use for authorized help. If discovered responsible of dishonest, he might be jailed for as much as three years, fined, or each.

If he’s discovered responsible of the second cost, he might be jailed for as much as two years, fined as much as SGD 5,000, or each. He’ll subsequent seem in courtroom on April 6.

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