The Monetary Authority of Singapore (MAS) has issued a five-year prohibition order (PO) against Zeng Xuan, effective Feb 23. Zeng, who was formerly a representative of Oversea-Chinese Banking Corp (OCBC), was convicted in the state courts for fraud and dishonestly.
Quoteworthy: "Wealth taxes are needed to build a fairer society where everyone can aspire to succeed regardless of their backgrounds" — Singapore’s finance minister Lawrence Wong during his Budget 2022 announcement in Parliament on Feb 18.
Former OCBC rep charged for fraud and dishonesty
