Ex-Forex Traders in Singapore Get Jail Time for Cheating Banks
- Ex-Deutsche Bank trader Toh sentenced to eight weeks
- Former HSBC senior dealer Chng handed 15-week sentence
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Two former currency traders from Deutsche Bank AG and HSBC Holdings Plc were sentenced to jail terms of as long as 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 Kee Oon said on Wednesday. Ex-Deutsche Bank trader Toh Hway Khuan was given an eight-week sentence. Neither man was fined.