16 Feb '12, 1pm

Two men face more charges in largest ATM fraud case

Two men face more charges in largest ATM fraud case

SINGAPORE: Two suspects involved in Singapore's largest ATM fraud recently may see more charges levelled against them. Loke Siew Fei and H'ng Gaik Chin, both Malaysians, are alleged to have defrauded DBS Bank and POSB of about S$1 million. They are alleged to be linked to a transnational ATM skimming syndicate based in Malaysia. The Court was told that more time was needed to carry out investigations against them. The duo will be back in court on March 6. If convicted, they could be fined and jailed for up to 10 years. Separately, the latest scam has also raised concerns over the security of top-up machines at MRT stations, where commuters top-up their EZ-Link cards on a daily basis. There are some 550 of these General Ticketing Machines. The Land Transport Authority says the machines are under 24-hour CCTV surveillance, and checks are conducted daily for any unusual activ...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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