SG minister: S$2mil from OCBC scams recovered, 121 local bank accounts frozen

Overall, there were 23,931 cases of scams reported last year, of which 5,020 were phishing scam cases. — Reuters

SINGAPORE: The police have frozen 121 local bank accounts and recovered about $2 million lost by victims in phishing scams targeting OCBC Bank customers as at Sunday (Feb 13), said Singapore’s Minister of State for Home Affairs Desmond Tan.

Providing an update on the ongoing investigations into the OCBC phishing scam which took place last December, Tan also said that about S$2.2mil (RM9.21mil) of victims’ funds have been traced to 89 overseas bank accounts.