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Briefs: former OCBC rep charged, ST Engineering enters MOU for road, rail and EV cooperation

The Edge Singapore
The Edge Singapore2/24/2022 08:42 PM GMT+08  • 6 min read
Briefs: former OCBC rep charged, ST Engineering enters MOU for road, rail and EV cooperation
Also in the news: Singapore’s core inflation hits 10-year high at 2.4% in Jan
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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

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.

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