A United Overseas Bank (UOB) bank officer from China who stole S$95,291.75 from his employer UOB was sentenced to 3 years and 5 months’ jail on Tuesday (Oct 11).
Hong Jing Guo, 33, a bank officer who handled customers’ enquiries on credit cards earn a cushy S$3,800 a month with Singapore bank UOB. In June 2014, the China national unlawfully accessed the computers of two managers in the bank to increase his UOB credit card limit to S$50,500 and credited refunds totaling S$9,300 to his bank account.
On 6 June 2014, Hong Jing Guo bought three gold bars at S$16,800 and sold them back to the shop for S$15,150 in cash. He repeated the same process four days later on 10 June 2014. The court hearing did not explain how he profited from the two transactions. However, these proceeds were used for Hong Jing Guo’s gambling trip to Macau.
The misdeeds were only discovered two months later on 28 August 2014, and the vice-president of the UOB human resource department reported him to the police.
UOB recovered only S$9,300 out of S$95,291.75 in restitution from Hong Jing Guo. The Singapore judge sentenced the China national to 3 years and 5 months’ jail for misuse of computer-related charges.