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Nov 30, 2009
Ex-Maybank manager jailed
By Elena Chong
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<!-- end left side bar --> <!-- story content : start --> A FORMER relationship manager of Malayan Banking Berhad was jailed for eight months on Monday for misappropriating $20,000 belonging to a customer. Nicholas Yeo Cheng Joo, 31, admitted to pocketing Tio Ah Chu's payment for an investment product on Feb 5 last year. The court heard that instead of placing the money into the crude oil structured deposit for the customer, he kept the money and used it to pay for his personal expenses such as car modifications, credit card debts and investments in warrants. Three other similar charges involving $10,000 each were taken into consideration during his sentencing Yeo, who has paid back the amounts to the bank, could have been jailed for up to 15 years and/or fined for criminal breach of trust as a servant.
Home > Breaking News > Singapore > Story
Nov 30, 2009
Ex-Maybank manager jailed
By Elena Chong
<!-- end by line -->
<!-- end left side bar --> <!-- story content : start --> A FORMER relationship manager of Malayan Banking Berhad was jailed for eight months on Monday for misappropriating $20,000 belonging to a customer. Nicholas Yeo Cheng Joo, 31, admitted to pocketing Tio Ah Chu's payment for an investment product on Feb 5 last year. The court heard that instead of placing the money into the crude oil structured deposit for the customer, he kept the money and used it to pay for his personal expenses such as car modifications, credit card debts and investments in warrants. Three other similar charges involving $10,000 each were taken into consideration during his sentencing Yeo, who has paid back the amounts to the bank, could have been jailed for up to 15 years and/or fined for criminal breach of trust as a servant.
