Ex-Bank Manager Now Charged Over S$1.72m Misappropriation Used to Gamble at Casinos

SINGAPORE, July 3– A 65‑year‑old former bank branch manager, Janagee Karruppiah, has been charged with misappropriating more than S$1.72 million from the vault of Indian Overseas Bank’s Serangoon Remittance Centre. She faces eight charges, including criminal breach of trust and falsification of accounts, after allegedly falsifying vault records over 200 times between December 2021 and August 2022.

Ex-Bank Manager

Prosecutors said Janagee passed much of the money to Shanngarri Balakrishnan, 36, who used the funds for gambling at casinos and illegal betting sites. Shanngarri faces four charges linked to unlawful gambling activities. Both cases will be mentioned again on July 29.

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