Indian-Origin Wealth Manager Sentenced for Forging Bank Statements in Singapore

In Singapore, Vijendren Tanapal, a wealth manager of Indian origin, has been sentenced to seven weeks in prison for forging bank statements to sell insurance policies. The court considered multiple forgery charges involving Japanese clients during his sentencing. Tanapal's fraudulent actions aimed to meet sales targets while working at DBS Bank. He will begin serving his sentence on July 31, and there was no significant financial loss reported to the bank due to his actions. This case highlights the serious consequences of financial misconduct in the banking sector.

By Narendra Chaudhary Apr 11, 2026, 15:04 IST

Wealth Manager's Fraudulent Activities Uncovered

Singapore: A man of Indian descent has been sentenced to seven weeks in prison after being found guilty of falsifying bank statements for his clients to facilitate the activation of insurance policies he was promoting.

Vijendren Tanapal, aged 38, admitted to two counts of forgery involving Japanese clients while employed as a wealth planning manager at a local bank.

During his sentencing on Thursday, the court took into account several additional forgery charges related to other Japanese clients.

Tanapal's bail was set at SGD15,000, and he is scheduled to start his prison term on July 31, as reported by local media.

In his role at DBS Bank, Tanapal was responsible for selling Manulife insurance policies, primarily aimed at Japanese clientele.

The fraudulent activities occurred in 2017 as he sought to meet his sales targets, leading him to forge bank statements for his clients.

In January 2022, DBS alerted the authorities about Tanapal's submission of multiple forged documents concerning six Japanese clients, resulting in his court charges in 2026.

The prosecutor noted that there was no significant financial loss to DBS linked to the sale of the Manulife insurance policies.

According to court records, Tanapal is no longer employed at the bank.