Singapore:
A 31-year old Indian national, working for a bank in Singapore, has been jailed for seven months for fraudulently transferring USD 41,600 from a client's account and forging documents.
Abhay Singhal, an employee of the ABN Amro Bank, pleaded guilty to two charges of deceiving the bank and admitted to three charges of forging documents relating to an investment plan involving three Indian investors, media reports said.
He was sentenced on Monday for fraudulent transfers of USD 41,600 from an account to other customers' account and for committing forgery.
Abhay's lawyer Anand Nalachandran told the court that his client deeply regretted the lapse in judgement and had not did not cause any financial loss to the bank nor did he get any personal benefit. He said full restitution had been made.
In passing the sentence, District Court Judge Jasvender Kaur felt that a nominal sentence would not do in this case as the offences involved a degree of deliberation and determination.
Abhay had 24 other charges considered in the case.
He had faced jailed for up to 10 years on each cheating charge and up to four years on each charge of forgery.
Abhay Singhal, an employee of the ABN Amro Bank, pleaded guilty to two charges of deceiving the bank and admitted to three charges of forging documents relating to an investment plan involving three Indian investors, media reports said.
He was sentenced on Monday for fraudulent transfers of USD 41,600 from an account to other customers' account and for committing forgery.
Abhay's lawyer Anand Nalachandran told the court that his client deeply regretted the lapse in judgement and had not did not cause any financial loss to the bank nor did he get any personal benefit. He said full restitution had been made.
In passing the sentence, District Court Judge Jasvender Kaur felt that a nominal sentence would not do in this case as the offences involved a degree of deliberation and determination.
Abhay had 24 other charges considered in the case.
He had faced jailed for up to 10 years on each cheating charge and up to four years on each charge of forgery.
