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Ex-forex traders in Singapore get jail time for cheating banks

The duo were convicted of using their banks' accounts in 2009 to get preferential rates on US dollar
Thursday, February 23, 2017 - 05:50

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Two former currency traders from Deutsche Bank AG and HSBC Holdings plc were sentenced to jail terms of up to 15 weeks for cheating the banks by making false trades.

Singapore

TWO former currency traders from Deutsche Bank AG and HSBC Holdings plc were sentenced to jail terms of up to 15 weeks for cheating the banks by making false trades.

Former HSBC senior dealer Ivan Chng was sentenced to 15 weeks in jail, Singapore High Court Justice See

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