A previous Maybank Kim Eng Securities remisier has been extradited to Singapore and charged with more than 50 offenses totaling Siemens$ 13 million( US$ 9.7 million ).
Singaporean Sumiko Jill Teo Hui Ni, 37, had left for Spain in January 2022 before a law report was filed against her on charges of unlawful breach of trust.
There was a Red Notice from Interpol.
She was eventually apprehended and extradited on July 27 with the assistance of the & nbsp, Spain National Police, and the US Homeland Security Investigations.
On Saturday, July 29, Teo was charged with a number of offenses, including criminal breach of trust as an agent, fraud through false representation, and counterfeit.
Between January 2020 and December 2021, 15 people entrusted her with more than S$ 13 million, which she is accused of fraudulently misappropriating.
To give the victims the idea that their money was being used appropriately for trades in their accounts, she allegedly provided them with fake trading records or physically entered industry transactions.
Ms. Diana Ngiam from Quahe Woo & amp, Palmer, represented Teo when she appeared in court on August 4.
She informed the court that she didn’t need to respond to the query of whether she approved of abduction or applied for hospital.
She claimed that she was only on vacation abroad and was unaware that legal action had been taken against her.
She had allegedly resisted repatriation to Singapore and applied for asylum in Spain, according to the trial.
After hearing arguments from both sides, the judge denied her bond.
Teo could receive prison term of up to 20 times and fines if found guilty.
David Chew, director of the Commercial Affairs Department, thanked the US and Colonial officials for their” great help in this abduction” in a statement released by the Singapore Police Force.
To find, apprehend, and deliver criminals so they can face justice in Singapore, we will continue to work closely with Interpol and our extensive system of international law enforcement partners, according to Mr. Chew.