Elderly scam victim loses $500k claim against UOB
The Singapore High Court has dismissed a $500,000 claim by an elderly scam victim against UOB. The court ruled that the claimant abused the legal process by deliberately concealing evidence and providing conflicting accounts regarding her involvement in the fraudulent transfers.
Why it matters
This case highlights the legal challenges scam victims face when seeking restitution from banks, particularly when their own actions—such as sharing credentials—complicate liability.
According to the police report, Lao Iok Sim had been instructed by a person claiming to be a Chinese police officer to open a UOB savings account with internet banking.
Listen Summarise An elderly woman’s $500,000 claim against UOB was struck out for deliberately concealing evidence and presenting conflicting accounts of a scam. She initially denied internet banking use and consent to transfers but police reports showed she had shared credentials with a scammer. The court ruled her conduct abused the legal process, ordering her claim struck out and costs paid to UOB, despite her vulnerability and loss. AI generated
SINGAPORE – An elderly scam victim’s $500,000 claim against UOB has been thrown out by the High Court after the court found that she had deliberately concealed evidence that was unfavourable to her.
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