Former director of the firm was charged with cheating five banks to offer his business credit facilities

SINGAPORE: On Friday (Dec 20) a 60-year-old former director of the firm was charged with cheating five banks to offer his business credit facilities.

So Seow Tiong, who was a director at the SPE Technology (Singapore) electronics company, duped the banks with a sum of over S$10 million.

He is accused of giving orders to have invoices sent between March 2007 and January 2011 from a supplier of SPE Technology to five banks, p....