More than S$370,000 recovered after banks, Singapore and Hong Kong police foil scam

SINGAPORE: &nbsp, More than S$ 370, 000 ( US$ 271, 000 ) have been recovered after the Singapore Police Force ( SPF), together with two banks and the Hong Kong police, foiled a scam targeting a 70- year- old victim.

According to a news release released on Wednesday ( May 1 ), DBS on Tuesday reported that suspicious transactions of approximately S$ 180, 000 were being made from the boy’s account to a bank accounts in Hong Kong.

The victim’s bank alerted SPF’s Anti-Scam Centre ( ASC ) and immediately stopped further transactions from the victim’s account.

ASC then” swiftly notified” Hong Kong’s Anti- Deception Coordination Centre ( ADDC ) about the beneficiary account.

According to the news release, officers were called in after the ASC was unable to reach the person. Although the soldiers went to his house, he was not.

” The ASC tried various methods and managed to reach the victim’s family companion, who disclosed that S$ 240, 000 was missing from the victim’s UOB banks bill”, said SPF.

The ASC “immediately collaborated with UOB to transfer money from a bank accounts in Hong Kong to the victim.” &nbsp,

SPF continued, adding that the ASC and ADCC worked together to return the entire balance from the Hong Kong lender account.