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The Police will be charging two women, aged 36 and 65, in court on 1 July 2026 for their suspected involvement in multiple offences, including criminal breach of trust by an employee, falsification of accounts offences under the Penal Code, money laundering under the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act (“CDSA”), and illegal remote gambling under the Remote Gambling Act. 

In September 2022, the Police were alerted to a case where the 65-year-old woman, whilst employed as the branch manager of a bank, had purportedly misappropriated cash from the bank’s vault. Investigations revealed that between May 2021 and 29 August 2022, the former branch manager had misappropriated a total sum of $1,729,000 from the bank’s vault to repay loans and fund gambling activities. To avoid detection, she had falsified the cash book records of the bank on at least 206 occasions. 

Further investigations revealed that the former branch manager had handed majority of the misappropriated monies to the 36-year-old woman, who used them to gamble at local casinos and on illegal remote gambling platforms. Between December 2021 and September 2022, the 36-year-old woman cashed in a total sum of S$1,521,509 at the local casinos and transferred a total of S$790,106 to various third-party bank accounts for the purposes of remote gambling, while the former branch manager cashed in a total of S$42,405 at a local casino. 

The 65-year-old woman will be charged with two amalgamated counts of criminal breach of trust by an employee under Section 408 of the Penal Code, two amalgamated counts of falsification of accounts under Section 477A of the Penal Code, three amalgamated counts for transferring benefits of criminal conduct under Section 54(1)(b) of the CDSA 1992 and Section 47(1)(b) of the CDSA (Chapter 65A, 2000 Rev Ed) and one amalgamated count for using benefits of criminal conduct under Section 54(1)(c) of the CDSA 1992. The 36-year-old woman will be charged with three amalgamated counts for using benefits of criminal conduct under Section 54(3) of the CDSA 1992 and Section 47(3) of the CDSA (Chapter 65A, 2000 Rev Ed) and one amalgamated count of illegal remote gambling under Section 8(1) of the Remote Gambling Act.  

Any person convicted of an offence under Section 408 of the Penal Code may be punished with an imprisonment of up to 15 years and shall be liable to a fine. 

Any person convicted of an offence under Section 477A of the Penal Code may be punished with an imprisonment of up to 10 years, or a fine or with both. 

Any person convicted of an offence under Section 54 of the CDSA 1992 or Section 47 of the CDSA (Chapter 65A, 2000 Rev Ed) may be punished with an imprisonment for a term of up to 10 years, a fine of up to S$500,000, or with both.

Any person convicted of an offence under Section 8(1) of the Remote Gambling Act may be punished with an imprisonment of up to six months, or a fine of up to S$5,000, or with both.

The Police take a firm stance against criminal breach of trust offences, particularly those committed by persons in positions of trust and authority. Such acts undermine corporate governance and erode public confidence in the integrity of Singapore’s financial system. The Police will not hesitate to act against those who abuse their position for personal gain, as well as individuals who assist them in such criminal activities.