A former finance manager at Asia Pacific Breweries is set to stand trial later this month in the biggest case of financial fraud in Singapore's history.

Chia Teck Leng, who is accused of fraud, forgery, misappropriation of funds and money laundering, will appear before the High Court in Singapore on 26 March, after a preliminary inquiry at the High Court today.

The fraud came to light last September, when Chia, who joined the company as a financial manager in 1999, was accused of defrauding four foreign banks of S$120m (US$68.5m) after getting S$163m credit from them. He was accused of making the withdrawals after tricking the banks into million dollar credit facilities, by persuading them he was operating on behalf of APB's Singapore subsidiary by using forged documents, including the forged signatures of top executives within APB, to open and operate the unauthorised bank accounts.

Chia is now in remand.