SINGAPORE – A 68-year-old man allegedly instructed a woman who wanted to obtain a $15 million loan to pay $1.5 million in order to receive the loan.
But he is said to have pocketed $1.25 million of the payment and became uncontactable, purportedly failing to deliver the loan.
Wong Poh Kun was on Friday (Jan 7) charged with cheating involving $1.5 million.
A search on the Accounting and Corporate Regulatory Authority database reveals Wong, a Singaporean, used to be a director at firms including interior design company Genesis-Alliance Projects and real-estate development firm Lakefront.
The database stated his address is in Sentosa Cove.
According to court documents, on Feb 27 last year,Ms Maureen Li was misled by Wong to believe she was making a payment of $1.5 million to a loan broker to secure the $15 million loan which would be delivered in parts.
Court documents did not mention Ms Li’s occupation or background.
Wong allegedly lied that the money would be transferred to the bank account of Asia Alternative Fund, an investment company.
The police said in a statement on Thursday that of this sum, $1.25 million was allegedly kept by Wong and the remainder was paid to a loan broker.
On Wednesday, officers from the Central Police Division arrested Wong and seized some electronic devices.
Wong is believed to be involved in other scams, said the police.
Speaking through video link while in remand, Wong questioned the charge as he saidhe was in the midst of a settlement…
