SINGAPORE - A lawyer who misled a former client into unlawfully lending a large sum of money to his friend under the guise of an investment opportunity has been struck off the rolls.
The court said all the evidence points towards a premeditated plan devised to swindle the former client, identified in its judgment only as"Ms Oh". Mr Yong was supposed to have transferred all the money to Cyndi via her domestic worker's bank account. But bank statements showed that only $29,500 had been transferred to the maid, leaving $20,000 unaccounted for.The six agreements were signed by Cyndi, who acknowledged receipt of Ms Oh's money and promised to return the ballooning principal, returns and interest, which never materialised.
The client, a company called IOCS Asia, had approached him for legal advice and was told to pay a $7,000 deposit for his services.