Super scam

Asia-Pacific Breweries Ltd (APB) has reportedly been slapped with undisclosed claims from German, Swedish and Japanese banks after one of the brewer’s executives was charged with opening and operating bank accounts in the name of Asia Pacific Breweries (Singapore) Pte Ltd without authority and defrauding them of an estimated USD69 million. If the alleged fraudster is found guilty, the case will be the largest case of fraud carried out by a staff member of a Singapore company.
For several weeks now, the brewer of Singapore’s popular Tiger brand beer has been at the centre of a scandal which involves its finance manager Chia Teck Leng who was suspended from his job after he had been charged with (so far) 32 counts of fraudulently obtaining loans. APB, which is 42..

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