Singapore: A 35-year-old Indian national faces a jail term of 2-5 years and caning over his bid to extort half a million dollars from Standard Chartered Bank in Singapore, the media reported on Wednesday.
According to court papers, Nagarajan Balajee had allegedly threatened to publish a libel concerning Aalishaan Zaidi, 47, the global head of digital banking at Standard Chartered Bank, unless he paid 500,000 Singapore dollars, the Straits Times reported.
Zaidi was one of a few bank employees who received the threatening e-mails sent anonymously. He earlier made a police report on the bank's behalf.
According to the daily, the bank had made a police report last Thursday about how it had been threatened with a leakage of confidential information. Balajee was believed to have used multiple fictitious e-mail accounts to deliver the threats anonymously.
Preliminary investigations by the police also found that the suspect might have used overseas-registered mobile lines and virtual private network services to mask his identity to evade detection. A VPN allows unauthorised content from overseas to be accessed by users.
Balajee is out on bail and due to appear in court on October 30.(IANS)