Jail for ex-bank loan officer who helped others get loans after submitting fake documents

SINGAPORE — While working as a contract bank loan officer at OCBC Bank, he helped two clients secure loans after he submitted fake documents for them.

Nicholas Lau Wei Chong’s breaches caused OCBC to suffer losses totaling more than $36,000 after the pair failed to make any refunds.

But the bank rejected a third customer’s credit card and loan applications for $18,000.

The trio’s names were removed from court documents and instead identified as A1, A2 and A3.

Lau, 26, who made no restitution, was sentenced on Tuesday (April 26) to eight months in prison after pleading guilty to three counts of using a false document as genuine.

Deputy Attorney General Samyata Ravindran told the court that at the time of the offenses, Lau was working as a loan ambassador at the bank’s branches at Hougang Mall and Ang Mo Kio Hub.

His job was to help loan seekers complete the relevant paperwork.

Lau also testified that he had to ask claimants to log into their Central Provident Fund (CPF) account in his presence to verify their CPF statements and review their original payslips before submitting copies of said documents. with the request.

The court heard that a woman identified as A1 had met a ‘Jayden Sim’ through a group on the Telegram messaging platform.

Sim offered to help her get a loan or a credit card from a bank “in a short period of time”. He ordered her to pick up Lau at the Hougang Mall branch of the bank to have the application processed, the DPP said.

The prosecutor did not specify how Lau and Sim knew each other.

Lau was working at the Hougang Mall branch on February 11, 2020, when he attended to A1 who signed a credit card and an application form for “credit card installment payment”.

A1 also provided his ID card to Lau for him to make a copy, but she did not give him his payslip or CPF statements.

The DPP said: “The accused (Lau) received from an unknown person a falsified payslip for January 2020 relating to A1 allegedly issued by Antaes Asia.

“The defendant fraudulently certified that he had seen the original of the aforementioned document and submitted it to OCBC along with the (application) form, even though he had not received said original from A1 and had reasons to believe that said document was forged.”

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