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OCBC Private Banking Subsidiary Bank of Singapore Fires 40 Employees & Investigated Hundreds of Employees in 2023 for Misuse of Medical & Dental Benefits with Claims Limit of S$10,500, Misused Claims Include for Bird Nest, Skincare Products, Supplements, Toothpaste & Toothbrushes, Disciplinary Actions Include Termination, Repayment of Claims & Cancellation of Bonuses, Clinic Name Surfaced as Drs Thompson & Thomson at Raffles Place, OCBC & Bank of Singapore Had Stopped Reimbursing Invoices from the Named Clinic from 10th November 2023
27th April 2024 | Hong Kong
OCBC private banking subsidiary Bank of Singapore has fired around 40 employees, and investigated hundreds of employees (since 2023) for misuse of medical & dental benefits with claims limit of S$10,500 (Misused claims including for bird nest, skincare products, supplements, toothpaste & toothbrushes). Bank of Singapore disciplinary actions include termination, repayment of claims & cancellation of bonuses. The clinic name surfaced as Drs Thompson & Thomson at Raffles Place. From 10th November 2023, OCBC & Bank of Singapore had stopped reimbursing invoices from the named clinic. Bank of Singapore is a wholly-owned private banking subsidiary of OCBC, Southeast Asia’s second largest financial services group by assets.
“ OCBC Private Banking Subsidiary Bank of Singapore Fires 40 Employees & Investigated Hundreds of Employees in 2023 for Misuse of Medical & Dental Benefits with Claims Limit of S$10,500, Misused Claims Include for Bird Nest, Skincare Products, Supplements, Toothpaste & Toothbrushes, Disciplinary Actions Include Termination, Repayment of Claims & Cancellation of Bonuses, Clinic Name Surfaced as Drs Thompson & Thomson at Raffles Place, OCBC & Bank of Singapore Had Stopped Reimbursing Invoices from the Named Clinic from 10th November 2023 “
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OCBC Private Banking Subsidiary Bank of Singapore Fires 40 Employees & Investigated Hundreds of Employees in 2023 for Misuse of Medical & Dental Benefits with Claims Limit of S$10,500, Misused Claims Include for Bird Nest, Skincare Products, Supplements, Toothpaste & Toothbrushes, Disciplinary Actions Include Termination, Repayment of Claims & Cancellation of Bonuses, Clinic Name Surfaced as Drs Thompson & Thomson at Raffles Place, OCBC & Bank of Singapore Had Stopped Reimbursing Invoices from the Named Clinic from 10th November 2023
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