Third suspect named in ATM fraud case

[Ithunk]

 

Suspects Loke Siew Fei (left) and H

[Twnll]

ATM Debit cards use for purchase considered as 'withdrawal'??

[Kilomatrix]

CAD super efficient .... thanks to the greediness of the culprits, who were obviously looking for more 'withdrawals'.

[Sosaria]

CAD super efficient .... thanks to the greediness of the culprits, who were obviously looking for more 'withdrawals'.

 

Of course, they'd be super-efficient. I'm betting their weekends 'burnt' and a few nights spent at the office after this thing came up!!

 

Banking and finance industry is very important for singapore, which enjoys a good reputation. This kind of incident, where two or three people can bamboozle a top bank, fool highly-paid management and authorities, and get away with a million dollars... I think they won't let go... else people will lose confidence in the banks.

 

By the way, those two malaysians holed up in cheap hotel, but with their sophisticated electronics gear... reminds me of ocean's eleven/twelve!!

 

 

[Pchmj]

CAD super efficient .... thanks to the greediness of the culprits, who were obviously looking for more 'withdrawals'.

 

Seems like they want to test the system. This is such a high profile case and they still dare to remain here. Serves them right, should throw them in jail + rotan! But from the news seems like at most jail, no rotan...

[Kilomatrix]

Seems like they want to test the system. This is such a high profile case and they still dare to remain here. Serves them right, should throw them in jail + rotan! But from the news seems like at most jail, no rotan...

Stole a million bucks from people, tax payers till need to feed them for years inside. Don't know how much can be recovered. Think max is 10 yrs jail term.

 

[Donut]

CAD super efficient .... thanks to the greediness of the culprits, who were obviously looking for more 'withdrawals'.

 

My question is how does the police work so fast??

 

Where in the world did they know the culripts are still in SG and their location?

 

[Shull]

The withdrawal is done OUTSIDE Singapore (ie, in Malaysia).. They must have balls of steel(and pea brain) to come into SG again...

[Damienic]

can't believe there are such dumb thieves around....they have already succeeded and still remain in SG to allow themselves to get caught..

[Speedsun]

CAD super efficient .... thanks to the greediness of the culprits, who were obviously looking for more 'withdrawals'.

 

These 2 guys are very stupid to stay in Singapore. But maybe someone from the team betrayed them so that can take on their share, that's why asked them to stay put.

 

Anyhow, didn't they watch any HKG detective/ICAC movies? Although not true stories, from there, they could learn how to use to decoys to counter measure the investigation officers from the very beginning. At least those equipment should be immediately destroyed or hid after crime. Now, caught red-handed, difficult to deny.

Edited January 15, 2012 by Speedsun

[Babyt]

can bury their items in the forest mah. like TV show.

[YellowFlash]

maybe it is just a cover-up....the actual ones were not caught but somehow they find 2 malaysian with other charges and use them as scape goat to show the police efficiency because i don't think someone that is smart enough to commit this fraud can be stupid enough to stay and get caught. they can jolly well retire like king in malaysia already.

[Yewheng]

maybe it is just a cover-up....the actual ones were not caught but somehow they find 2 malaysian with other charges and use them as scape goat to show the police efficiency because i don't think someone that is smart enough to commit this fraud can be stupid enough to stay and get caught. they can jolly well retire like king in malaysia already.

 

.... This you can also think of it. Things just so simple and you think until so complicated. Facts is the he is stupid enough to stay at Singapore and get caught.

Edited January 15, 2012 by Yewheng

[Pchmj]

maybe it is just a cover-up....the actual ones were not caught but somehow they find 2 malaysian with other charges and use them as scape goat to show the police efficiency because i don't think someone that is smart enough to commit this fraud can be stupid enough to stay and get caught. they can jolly well retire like king in malaysia already.

 

At least it can stop damage here. I believe there is a mastermind in malaysia enjoying, will never step a foot in SG soil.

[Ben5266]

 

.... This you can also think of it. Things just so simple and you think until so complicated. Facts is the he is stupid enough to stay at Singapore and get caught.

These 2 could be from other unrelated gang, happened to come to singapore on the wrong time...

But.. the authority will just let them eat the dead cat...

Edited January 15, 2012 by Ben5266

[Dark]

 

.... This you can also think of it. Things just so simple and you think until so complicated. Facts is the he is stupid enough to stay at Singapore and get caught.

 

I also think the 2 guys are scapegoats leh.

 

The tampered bugis ATM happened in nov last yr over a 2-3 day period according to news report, the fact that they wait till recently then start withdrawing and managed to withdrawal $1M over a short period must be a very well-planned fraud involving a sophisticated gang.

 

The people involved must have already fled long ago to avoid detection.

 

The 2 guys could be unrelated to the DBS case.

 

Maybe I thinking too much..

[Dark]

At least it can stop damage here. I believe there is a mastermind in malaysia enjoying, will never step a foot in SG soil.

 

Ya, maybe this is to show CAD is effective and calm the situation and safeguard Spore's reputation.

[SimonTan]

This only shows that if you cheat gov money....they will have the means to track you down

So many other cheating case.....unsolved.

But this one....solid speed.

 

Never cheat gov money and you will get away easier.