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15 August 2023-The 10 accused in this case are arrested. Assets worth over 1 billion Singapore Dollars were either seized, frozen or issued prohibition of disposal orders, including vehicles, Bearbricks, properties, luxury items, grand pianos, liquor and wine. [1][9] 16 August 2023-The 10 accused in this case are charged in court. [4]
Teo Cheng Kiat was born in Singapore in 1953. Teo was Chinese-educated and he completed both his elementary and secondary education in Chinese schools. Teo was later married with two sons, who were born in 1980 and 1984. Teo's elder son later became a Singapore Armed Forces (SAF) scholar while the younger son was completing his GCE O-levels at ...
Convictions. Misuse of around S$50 million of City Harvest Church's funds. The City Harvest Church criminal breach of trust (CBT) case was one of the longest criminal trials in Singapore's history. [2] Church founder Kong Hee and five other church leaders were found guilty by a District Court on 21 October 2015 of CBT by agent after ...
Singapore prosecutors on Monday filed 13 additional charges against a local businessman in relation to a scheme that allegedly raised more than S$1 billion ($746 million) from investors to fund ...
Ng Yu Zhi. Ng Yu Zhi (born c. 1987), [1] also known as Ng You Zhi, [2][3] is a Singaporean alleged fraudster. The former director of Envy Global Trading, he was charged in March 2021 with running the largest Ponzi scheme [1] in the history of Singapore, worth about S$ 1.5 billion.
Chia Teck Leng. Chia Teck Leng (谢德龙 Xìe Délóng; born 11 October 1959) is a convicted white-collar criminal from Singapore, who was known for his four-year commercial fraud which involved the swindling of $117 million from four foreign major banks to feed his gambling addiction during his time as a financial manager at Asia Pacific ...
www.cpib.gov.sg. The Corrupt Practices Investigation Bureau (CPIB) is an independent agency of the Government of Singapore responsible for the investigation and prosecution of any possible serious or complex fraud and corruption in Singapore. The CPIB has the mandate to investigate into any acts or forms of corruption in the public and private ...
t. e. The 1Malaysia Development Berhad scandal, often referred to as the 1MDB scandal or just 1MDB, is an ongoing corruption, bribery and money laundering conspiracy in which the Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB) was systematically embezzled, with assets diverted globally by the perpetrators of the scheme. [1]