These two DBS letters were used to wipe between A$30m - A$40m (92.2% - 96.6%) off a "one week old" valuation of Strategic Marine Pty Ltd, prior to an influential Singapore client of DBS attempting to acquire Strategic Marine Pty Ltd for A$1.265M.

The most senior legal person in DBS was asked to authenticate the two DBS letters prior to the transaction completing.  DBS took eight-weeks to respond and during this time the acquisition was completed. Even when DBS did respond, they refused to authenticate the two letters citing banking secrecy obligations. Does that mean that any influential Tom, Dick or Harry can produce bank statements, letters etc and as a recipient you will be unable to prove their authenticity and have to rely on good faith?  Isn't that a major loophole to perpetuate fraud in Singapore as we saw happen in the case of Wirecard?

Strategic Marine Pty Ltd would make over A$15M in NPAT, had paid down its bank loans, paid millions in dividends, was building boats for stock, yet the actions of two Singapore banks DBS and OCBC was said to have forced the sale of the Strategic Marine assets to their Singaporean client...

A forensic document examiner, a former DBS financial crime employee and clients of DBS have stated that the DBS letters below lack credibility, I am also suspicious. I have a background in banking, have banked with DBS and I worked for Strategic Marine in Singapore. I saw earlier correspondence sent by DBS and never witnessed anything of this standard and the timing raises serious questions.  Did DBS cover up a fraud?

More information on my journey available here Dark Underbelly of Singapore - Cronies & Coverups

There are three signatures purportedly penned by Audrey Koh of DBS, the first two came off the same letter sent to us on two different occasions and the third from a separate letter.  DBS claims they are all authentic signatures.
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These two signatures were purportedly taken from the same 30th July DBS letter

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But stationery number still visible

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An example below of a draft letter composed by Ms. Koh  and sent to Strategic Marine Singapore shows that even of draft letters references are used. So why did neither of the above letters of such importance include return addresses or references, when DBS now claim that these letters have not been tampered with and they match their file copies?  

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A genuine DBS Letter