Man jailed for spending S$9,000 mistakenly transferred by NTU
A 27-year-old man has been jailed for refusing to return more than S$9,000 mistakenly transferred to him by Nanyang Technological University (NTU).
Mohamed Basheer Hanif Mohamed had instead spent the money on a hotel staycation as well as daily living expenses, according to court documents reported on by Channel NewsAsia (CNA).
S$9,087 mistakenly transferred by NTU into empty bank account
On 10 Nov 2023, an NTU finance officer said the university had mistakenly transferred S$9,087.04 into Basheer’s POSB bank account.
On the same day, Basheer noticed the sum in his account, which previously had no money.
Source: POSB Bank. Photo for illustration purposes only.
But instead of alerting NTU or the bank, he withdrew the funds for his own use.
He reportedly spent the money on a hotel staycation as well as daily living expenses.
NTU & bank unable to contact him
The NTU finance officer and POSB attempted to contact Basheer multiple times about the error but were unsuccessful.
On 21 Nov 2023, the finance officer finally reached him via email.
