Business

UOB sues retiree to recover more than $100k lost in alleged phone scam

SINGAPORE – United Overseas Bank (UOB) has gone to court to recover more than $100,000 it advanced to a retiree who has refused to pay the amount, claiming that the bank was solely responsible for the loss which arose from an alleged phone scam.

UOB says Mr Lim Thiam Ho, 61, owes $105,080 because it made a cash advance under his credit card account.

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