Singapore Co. Sues NatWest For Info On '$3.7M Cyberfraud'

Law360, London (July 16, 2021, 5:49 PM BST) -- The Singaporean subsidiary of an international interdealer brokerage firm that claims to be the victim of a SGD 5 million ($3.7 million) cyberfraud has filed a claim in London seeking information from NatWest PLC about the alleged theft.

Tradition Singapore Pte Ltd., part of the Swiss group Compagnie Financiere Tradition, gives few details about the purported online crime in its High Court claim. The company says it still does not know who orchestrated the alleged fraud, but claims the money was "misappropriated" and sent to a NatWest bank account.

"The claimant does not know whether the monies remain in the beneficiary...

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