Three jailed over US$108b swindle bid

PUBLISHED : Tuesday, 11 December, 2007, 12:00am
UPDATED : Tuesday, 11 December, 2007, 12:00am

Three people were jailed yesterday for using false cheques and deposit certificates to try to withdraw more than US$108 billion from a bank. They claimed the documents were issued in 1948 by Overseas Trust Bank - which was only set up in 1955. They pleaded not guilty on November 16 to five counts of using false documents. In the District Court, Deputy Judge William Lam Kui-po jailed mainlander Ma Ping, 32, for 39 months and Singaporeans Eddie Woon Kwok Jin, 53, and Lim Ban-hoong, 62, for 30 and 18 months.