Singaporean businessman David Yong has been charged with falsification of accounts in relation to a promissory note arrangement involving Evergreen Group Holdings.
'Super rich' S'porean star of Netflix Korean reality show arrested, charged with falsification of accounts
If convicted, Yong could be fined, or jailed for up to 10 years, or both, under Section 477A of the Penal Code. The police said in a statement on Aug 3 that the Commercial Affairs Department is currently investigating the business activities of Evergreen Group Holdings for alleged fraud. “In addition, these promissory notes may have been issued in contravention of the Securities and Futures Act.”
Charged Netflix Reality TV Show Rich
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