Standard Chartered Bank temporarily suspended a 71-year-old man’s access to digital banking after he transferred large sums of money from his account. This prevented the man from losing about $1.5 million in an investment scam, said the police. The man had made initial payment on investments presented by a foreign acquaintance. Encouraged by the promise of quick returns on the
SINGAPORE: A 71-year-old who fell for an investment scam narrowly avoided losing S$1.5 million (US$1.12 million) after the intervention of Standard Chartered Bank (SCB) and Singapore police's Anti-Scam Centre (ASC). In a press release on Tuesday (Jan 16), the police said that the man made initial
Singapore now has S$3.2b in funds 'locked' to prevent scams: ABS sbr.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sbr.com.sg Daily Mail and Mail on Sunday newspapers.
A woman could have lost more than $250,000 if not for the timely intervention of the Anti-Scam Centre of the Singapore Police Force and the staff of Great Eastern and OCBC. Read more at stomp.straitstimes.com