Ng Shi Qiang, a bank executive, hatched an elaborate plan to rob a bank with an air pistol to resolve his financial difficulties. On the morning of October 14, Ng made his way to the POSB outlet in Yishun Central 1, carrying a bag with the pistol and other equipment. He was planning to rush in the front door when the morning staff arrived, but got cold feet in the end. The 31-year-old reportedly did extensive research on bank heists and went to observe the target on multiple occasions, but could not bring himself to carry out his plan on D-Day.
He left the area shortly after and stashed his gear in a dry riser unit at a HDB block nearby. However, when he went to retrieve it a full two days later, residents have already stumbled upon them and reported their discovery to the police.
The former Army regular has chalked up over $50,000 in credit card debt, on top of a $100,000 loan from his mother-in-law. A father of two, Ng was eventually jailed for five years and sentenced to six strokes of the cane.