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Kangaroo Court Reduced Sentence of Pinay Who Cheated Bank $411k!

makapaaa

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<TABLE id=msgUN border=0 cellSpacing=3 cellPadding=0 width="100%"><TBODY><TR><TD id=msgUNsubj vAlign=top>
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Coffeeshop Chit Chat - Stupid Sinkie, Smart Pinoy !</TD><TD id=msgunetc noWrap align=right></TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"></TD><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead vAlign=top><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>Emeritus Foreign Thrashes = 1st class (BabaEro11) <NOBR></NOBR></TD><TD class=msgDate width="30%" noWrap align=right>2:44 am </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right>(1 of 3) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"></TD><TD class=wintiny noWrap align=right>53114.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD id=msgtxt_1 class=msgtxt>Stupid Sinkie, Smart Pinoy !
This type of simple thing, SINKIES got no Balls to do !
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Woman convicted of cheating bank gets jail term reduced

By Ng Jing Yng | Posted: 24 June 2011 1517 hrs
http://www.channelnewsasia.com/stories/singaporelocalnews/view/1136961/1/.html
SINGAPORE: A Filipino who was convicted for being part of a scam to cheat Standard Chartered Bank had her jail term reduced in the High Court on Friday.

Hazel Thea Puyaoan Vicente, 32, who used to be a direct sales agent with a telemarketing company and helped to secure bank loans for clients will be imprisoned to 18 months instead.

The mother of two children was sentenced to 27 months in the district courts in March 2011 on four charges.

But High Court judge Choo Han Teck felt that it was more appropriate for two of the charges to run consecutively instead of three, at nine months for each charge.

According to court documents, Standard Chartered had engaged the firm where Vicente worked, to reach out to prospective customers of its unsecured credit facilities.

Vicente had then forged her applicants' pay slips, inflating their salaries so that their annual pay would appear to meet the minimum income requirement laid down by the bank.

In some cases, she also doctored their letters of extension for employment as the bank will only approve applicants who have a minimum of one year validity remaining on their employment passes.

Between July and October 2009, Vicente managed to dupe the bank into giving out a total of S$411,000 in unsecured loans to 39 people.

Vicente's lawyer argued before the courts today that Vicente did not play a major role and it was her supervisors who taught her to forge the documents.

In response, Deputy Public Prosecutor Christopher Ong said that a deterrent sentence should be imposed and Vicente is not just a "puny pawn".

Mr Ong added that Standard Chartered had only managed to recoup less than half of the loans and Vicente could have find another job to avoid committing the offences.

Vicente is the fourth Filipino to be sentenced for taking part in the ruse but her former boss Abdul Karim Baba will be claiming trial.

-CNA/ck
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wow...deducted so much ? singapore great sale is round the corner ?
 
>Abdul Karim Baba will be claiming trial> great, great, graeat grandson of Ali Baba's forty thieves! from Bangdad
 
In this land of foreigners' paradise, if a local appeal for a lighter sentence, his sentence will be enhanced instead. But if a foreign trash appeals, the judge rarely disappoints the appealant.
 
hi there


1. no doubt about it!
2. foreign talents do have special privileges.
3. well done 60% sheep!
 
>Abdul Karim Baba will be claiming trial> great, great, graeat grandson of Ali Baba's forty thieves! from Bangdad


Ex-sales manager jailed for cheating StanChart
By Alvina Soh | Posted: 06 October 2011 1743 hrs

SINGAPORE: A former sales manager was jailed four years on Thursday for conspiring with his employees to cheat Standard Chartered Bank of more than S$1.7 million.

Abdul Karim Baba, 61, faced 10 counts of abetting the cheating and dishonest inducement of delivery of property while 164 other similar counts were taken into consideration.

The court heard that Abdul Karim was the manager of direct sales agency Touch & Tech.

The company was engaged by Standard Chartered Bank to tele-market its loans and Abdul Karim received a commission for every loan obtained.

Between July and October 2009, he had conspired with three agents to present false documents to the bank.

The documents were forged pay slips that inflated the monthly incomes of loan applicants or forged letters of extension for employment.

The act deceived the bank into disbursing between S$5,000 and S$12,500 to the applicants each time.

More than S$1.7 million in loans were given out and about 70 borrowers had defaulted, costing the bank nearly S$770,000.

Abdul Karim earned nearly S$7,000 in commissions and bonuses during the period of the offences.

The court also heard that he held monthly meetings with his agents to discuss forgery tactics, and encouraged junior agents to learn forgery from their seniors.

 
Abdul Karim Baba, 61,
[/QUOTE]

Told you...ali baba's descendants...guess what race? ha ha ha ha
 
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