On Friday, an Indian-origin youngster in Singapore was charged with one count of cheating and one count of aiding and abetting an unknown person in gaining unauthorised access to a bank’s computer system.
Raaj Mathana Singh According to The Straits Times, Balbir Singh, 19, opened a bank account and allowed others to use it after reading on the messaging app Telegram about a cash loan being provided in exchange for bank account credentials.
The UOB account he formed was subsequently allegedly used to launder illegal earnings totalling more than SG$249,000 by scam syndicates.
According to court filings, Singh misled the bank into believing that he was the sole operator of the account he was opening, and reportedly gave his i-banking login credentials to an unknown person for unauthorised activities on the UOB computer system.
According to the report, Singh expressed a desire to seek legal counsel.
If found guilty of cheating, Singh faces up to three years in prison, a fine, or both.
If he is found guilty of assisting an unknown person in gaining unauthorised access to a bank’s computer system, he faces up to two years in prison, a fine of up to SG$5,000, or both.
Singh will appear in court again on April 6.
