Bank employee replaces genuine notes with fake bills & blank paper; embezzles S$1.13m from company safe - The Independent Singapore News

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He also withdrew more cash than what customers requested, so he could pocket the balance.

Singapore — A banking operations specialist took almost S$1.13 million from his company’s safe over the course of two years, which he used for gambling or repaying personal debts.

He was responsible for the company’s safe, which held notes in different currencies and facilitated clients’ cash deposits and withdrawals. According to an internal investigation, Tan had taken around S$1.13 million, of which S$62,258 was made in restitution to the bank.

 

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