Singapore court jails Filipino on fraud charge
Singapore - A Filipino woman was sentenced to four years in prison for trying to defraud a bank of 100 million Singapore dollars (66.21 million US dollars) with a fake certificate of deposit that was originally in the name of former Philippines president Ferdinand Marcos' son.
Barcela Losano Rosario, 59, admitted she had tried to deceive Singapore's DBS Bank in November by presenting a certificate for 189 trillion Malaysian ringgits (52.3 trillion US dollars) cash on delivery to try to have the 100 million Singapore dollars transferred into 10 accounts, the Straits Times reported Saturday.
The fraud was discovered when a businessman acting on her behalf tried to verify her documents with the bank. Rosario was arrested when she told the bank she was the owner of the certificate. The bank had discovered that the account and documents were faked.
The original certificate was in the name of Ferdinand Emmanuel R Marcos Jr, according to the report. However, the account holder's name was unreadable on the certificate presented to the bank.
At her sentencing Friday, Rosario could have been jailed for five years and fined for attempted fraud. (dpa)