Tuesday, October 12, 2010

News Update Ex-DBS exec on graft charges

By Elena Chong

A FORMER bank executive of DBS Bank was charged in court on Tuesday with 37 counts of corruption and seven counts of computer misuse.

Sazaly Selamat, 39, is said to have corruptly accepted bribes totalling $2,625 from six individuals to divulge confidential customers' particulars from the bank's computer records to them.

The 37 alleged briberies took place between July 2005 and October 2006.

The other charges state that he knowingly caused the computer at a workstation at Newton POSB Building to display data contained in the customer information system without the consent of the bank.

He asked for an adjournment to raise funds. His police bail of $10,000 was extended.

He will appear in court on Nov 9.

If convicted of corruption, he faces a fine of up to $100,000 and/or a jail term of up to five years on each charge. For computer misuse, the maximum penalty is a fine of up to $5,000 and two years' jail.