UK: Ex-banker jailed for trying to bribe bank colleagues over scam
28 Jan 2019

A former RBS employee has been jailed for 30 months over a scam in which he tried to bribe his colleagues in an attempt to swindle hundreds of thousands of pounds from the bank.

Using his inside knowledge, Dilbaagh Singh-Derewal and an associate asked two ex-colleagues who still worked at the bank to make a number of illegal transfers of £200,000 each time.

The money would go from RBS’s ‘suspense’ accounts – where more than £3billion of invalid payments were held – into accounts under their control, with the men claiming they had bank contacts in India to assist in the crime.

In exchange, the two employees were offered bribes of between £10,000 and £25,000.

The attempted fraud in February 2017 failed when the men raised the alarm with their managers and police were called.

Singh-Derewal admitted his part in the offence but his associate denied involvement.

The Crown Prosecution service, however, provided ‘extensive phone and text message evidence’ at trial at Birmingham Crown Court, proving his role in this potential fraud.

Martin Lindop, of the CPS Specialist Fraud Division, said: “These two men used criminal means in an attempt to induce illegal acts from bank staff, in whom trust is essential if the public is to have any faith in the security of the banking system.”

“It is only because those employees refused to carry out these dishonest acts that the bank was not defrauded on a large scale.”

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2 Responses to “UK: Ex-banker jailed for trying to bribe bank colleagues over scam”
Joanna Damani

Joanna Damani January 27, 2019

This case is testimony that the best way to reduce fraud is through the integrity of those on the frontline. Often at the bottom of the corporate totem pole if they fail to perform their duties the whole system can fail. A shift in culture to view them as the most important part of the machine is long overdue.

Nikola Peliova

Nikola Peliova February 9, 2019

@Joanna 1000% agree

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