matchstickheaven

Aug 31, 2007
Richard Yong likely to face three charges

THE prosecution has made an offer, and the ball is now in former National Kidney Foundation chairman Richard Yong Kun Da's court.
After a short court session on Friday, his lawyer Jeffrey Beh said he would discuss the offer with his 66-year-old client on Monday, who has been in remand for nearly a month.

It is understood that the prosecution may proceed on three charges and possibly withdraw two.

Five other charges could be taken into consideration during sentencing.

No mention was made, however, of which charges would be proceeded on and which dropped or taken into consideration.

Each of the charges Yong faces carries up to between a year and three years in jail.

Yong and his wife, On Shu Kio, 63, fled Singapore shortly after he was declared a bankrupt, amid questions surrounding his assets - notably the $7.5 million sale of three apartments.

The pair were arrested by Hong Kong police on July 4. He was extradited on Aug 3 and has been in remand since.

His wife, who is still in Hong Kong, appeared before a court there on Friday.

She faces a money-laundering charge for allegedly helping her husband transfer close to $4 million to an account with the ING Bank in Britain - a sum which has been described as 'proceeds from a criminal offence'.

Hong Kong police believe that some time between March 14 and July 3, she moved part of the $7.5 million from the sale of their three properties in Singaporeto the account.

She faces up to 14 years' jail and a fine of up to HK$5 million (S$973,000).

She is due back in court on Oct 12 and remains on bail of HK$100,000.
http://www.straitstimes.com/Latest%2...ry_153514.html