EFG International AG (EFGN), the Swiss bank controlled by Greek billionaire Spiro Latsis and his family, was ordered by a Singapore judge to pay $2.3 million to a client for making unauthorized and high-risk trades in her account.
Ng Ton Yee, a former EFG employee, made 160 unauthorized trades in Jiang Ou’s account with the bank in Singapore, incurring a loss of $2.3 million, Judge Steven Chong wrote in a high court ruling released today.
Bloomberg
