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<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR>Forgery cases show need for bank scrutiny
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<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->ON TUESDAY, I read two articles about forgery cases - 'Borders staff jailed 4 years' and 'Woman jailed for forgery, CBT'.
In both cases, the culprits forged signatures on cheques to direct banks to transfer money to their own accounts for personal use. In the first place, forging signatures is already a serious crime. Second, they took money which did not belong to them openly. Third, many resources were employed to prove forgery and prosecute the culprits in court.
Have we forgotten one crucial point - that the banks involved, which allowed the cheques to clear, should bear some responsibility? How were the cheques allowed to clear in the first place?
One of my family members was a victim of a forgery case that has yet to be closed. Banks and insurers cleared cheques smoothly and large sums of money were siphoned out silently and swiftly to unauthorised bank accounts, no questions asked.
The authorities should look into the loopholes in this process before more forgery cases emerge. In addition, I urge severe punishment as a deterrent. Jasmin Lim (Ms)
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<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->ON TUESDAY, I read two articles about forgery cases - 'Borders staff jailed 4 years' and 'Woman jailed for forgery, CBT'.
In both cases, the culprits forged signatures on cheques to direct banks to transfer money to their own accounts for personal use. In the first place, forging signatures is already a serious crime. Second, they took money which did not belong to them openly. Third, many resources were employed to prove forgery and prosecute the culprits in court.
Have we forgotten one crucial point - that the banks involved, which allowed the cheques to clear, should bear some responsibility? How were the cheques allowed to clear in the first place?
One of my family members was a victim of a forgery case that has yet to be closed. Banks and insurers cleared cheques smoothly and large sums of money were siphoned out silently and swiftly to unauthorised bank accounts, no questions asked.
The authorities should look into the loopholes in this process before more forgery cases emerge. In addition, I urge severe punishment as a deterrent. Jasmin Lim (Ms)
