SINGAPORE, March 20 — Singapore’s efforts to become a global wealth hub have been thrust into the spotlight after an ultra-high-net-worth Chinese businessman, Zhong Renhai,...
Elderly man claims trial to fresh charge of slapping non-Muslim for eating in public during Ramadan, after DNAA over earlier guilty plea
‘If only I had known’: The human cost of Trump’s immigration policies as undocumented migrants face fear during crackdownThe defendants have denied wrongdoing, claiming Zhong had authorised certain payments, but the court found no credible evidence supporting their claims.
The alleged misconduct came to light in December 2023, prompting him to engage forensic accountants Alvarez & Marsal , who later concluded that millions had been misused.reported that on March 14, the Singapore High Court upheld a worldwide freezing order — known as a Mareva injunction — against the four former employees and their British Virgin Islands entity, Singa Wealth, citing a “real risk of dissipation” of assets.
Singapore Family Office Lawsuit Misappropriation Of Funds Fraud
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