06 Oct '11, 8am

Ex-telemarketing boss jailed for forged payslips: Members of a team at telemarketing firm Touch & Tech, hired by...

Members of a team at telemarketing firm Touch & Tech, hired by a bank to solicit for applicants for credit cards and loans, hardly had anyone turned down. That was because the payslips accompanying the applications to Standard Chartered (Stanchart) were forged to reflect inflated salaries. The scam only came to light when a sharp-eyed bank officer grew suspicious and checked. Police were called in. On Oct 6, former manager Abdul Karim Baba was jailed for four years. The 61-year-old had pleaded guilty on Sept 10 to conspiring with three subordinates to submit forged payslips. The district court heard that 174 applications were approved between June and November 2009. More than $1.7 million in loans had been given out and so far 71 borrowers had defaulted, costing the bank nearly $770,000.

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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