Ng Teck Lee and his wife, Thor Chwee Hwa, fled Singapore in 2005 before they were caught in Malaysia on Dec 3, 2024.
Ng Teck Lee, who was the CEO of then listed recycling firm Citiraya Industries, and his wife Thor Chwee Hwa being handed over to CPIB officers on Dec 3.On Dec 4, Ng Teck Lee, 58, and his wife Thor Chwee Hwa, 55, appeared in a district court via video-link from Central Police Division.
He is accused of misappropriating electronic scrap weighing more than 6,700kg in January 2005, but court documents did not disclose how much it was worth. A search with the Accounting and Corporate Regulatory Authority revealed that Ng is no longer a director at Citiraya Holdings.On or around June 30, 2003, she was allegedly part of an arrangement with Ng to open an account with Credit Suisse Hong Kong in her name.
But instead of crushing items to recover precious metals from the scrap, Ng purportedly sent the products overseas to be sold.The assets included money from various bank accounts, insurance policies held by the couple, shareholdings in various companies, and proceeds from the sale of his good class bungalow in Binjai Park and a 7,300 sq ft detached house in Paya Lebar.
An immigration stop list, a police gazette, warrants for arrest and Interpol Red Notices were issued for Ng’s arrest.
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