SINGAPORE (The Straits Times/ANN): The former chief financial officer of a crude oil products supplier who worked with three others to dupe eight banks into disbursing about US$320 million (S$424 million) in loans was sentenced on Monday (May 3) to nine years' jail.
The former chief financial officer (CFO) of a crude oil products supplier admitted in a district court yesterday that he worked with three alleged accomplices to dupe eight banks into disbursing about US$320 million (S$424 million) in loans.
Prosecutors said this complex, elaborate and nefarious financial fraud by Ong Ah Huat and his alleged accomplices caused China Merchant Bank (CMB) Singapore to suffer losses totalling about US$10 million.
The seven other banks are in Hong Kong - including Standard Chartered Bank (Hong Kong) and OCBC Ltd (Hong Kong) - and court documents did not disclose the amount of losses they incurred.
They hang out in the kitchen, in the living room, and are practically part of the family.
But sometimes, they do funny things like this:
Not an isolated occurrence
The photo of the gecko with a rubber band in its mouth was posted to Facebook by Ong Ah Huat in the Singapore Wildlife Sightings group.
Interestingly, according to some comments, this is not an isolated occurrence: Screenshot via Singapore Wildlife Sightings/Facebook Screenshot via Singapore Wildlife Sightings/Facebook
Some users even offered theories and funny suggestions on what use the rubber bands would be to the geckos: Screenshot via Singapore Wildlife Sightings/Facebook