Wong Poh Kun, a Singaporean, allegedly deceived Ms Maureen Li into believing that she was transferring her money to a bank account owned by investment firm Asia Alternative Fund, court documents stated.
Investigations later revealed that Wong allegedly kept S$1.25 million and paid the remaining S$250,000 to the unnamed loan broker. The court allowed the prosecution’s request for Wong to remain on remand for a week for investigations. The court also heard that Wong would be handed a fresh charge under the Bankruptcy Act. No further details were given.
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