By Jng Ying | Posted: 20 October 2010 1624 hrs
SINGAPORE: The Court of Appeal ruled on Wednesday that OCBC bank had acted reasonably in not taking instructions from its elderly customer who suffered from Alzheimer's.
Madam Hwang Cheng Tsu, 94, had S$8.9 million in her accounts and the bank had refused to accept instructions from her after finding her unfit.
The bank later froze her accounts in August 2008.
The High Court had earlier ruled OCBC had not breached its duties to Madam Hwang but her adopted daughter, Ms Amy Hsu Ann Mei, appealed against its decision.
Dismissing that appeal, Chief Justice Chan Sek Keong said that OCBC bank had found that Madam Hwang, who has since died, was not fit to give instructions.
Chief Justice Chan said that this case had been blown out of proportion and could have been better handled.
He added that the court also found no evidence that Ms Hsu was unfilial.
Separately, the High Court on Monday had granted Ms Hsu the probate to the will which will see her receiving bequeathed assets worth more than S$12 million.
- CNA/ir