AM News| 19-year manhunt for S’porean tycoon involved in S$72 million embezzlement case ends in JB

[dezzo69]

Did not know materials are really worth a lot of money . And there are ready overseas buyers

it is worth some money but the processing costs of these things take a lot of man hours, chemicals and upfront costs to process the waste. furthermore the byproduct produced is hazardous to environment and health. this is why electronic waste is usually shipped to 3rd world countries for processing like india.

i do not believe this business is profitable in a place like SG due solely to the logistical nightmare to handed all the things above. have to applaud them for snooking all those ''investors''. furthermore, how much gahmen money they take? and who inside gahmen rubber stamped the money?

you have to ask yourself that also.

 

[ChenHoNam]

Msia some place like Penang or KL got Chinese community

Canada or European countries not so much , some more sure got ppl curious about their wealth

Maybe thats why he tio bunknifed.
got linked to him.

 

[dnsfpl]

assuming they stayed in JB for 19 years, indeed safest, even for criminals

 

[kennysme]

Look at the wife surname they prob got relatives in bolehland

 

[weiess]

出来混.. 迟早要还

 

[junjie433]

Hope he did enjoys his 19 years of life and no more regrets.

 

[justice89]

water very deep next door for 19 years now than Fan Jiu Zhang ? hmm

 

[Mebeater]

That's more than 200M RM.

 

[joestar]

Caught on the causeway. What irony.

I think it's when they are handed over to CPIB at the causeway

 

[weiess]

Who played them out ?
Sure that they hunt him for 19 years ?

scarly $$ all use riao..
lan lan come out to surrender..

 

[joestar]

How to run 19 years overseas? How to renew passport or extend visa?

They assume other identity lah

it is worth some money but the processing costs of these things take a lot of man hours, chemicals and upfront costs to process the waste. furthermore the byproduct produced is hazardous to environment and health. this is why electronic waste is usually shipped to 3rd world countries for processing like india.

i do not believe this business is profitable in a place like SG due solely to the logistical nightmare to handed all the things above. have to applaud them for snooking all those ''investors''. furthermore, how much gahmen money they take? and who inside gahmen rubber stamped the money?

you have to ask yourself that also.

That time there's gold wire to extract though.... Nowadays they switch to copper to cut cost....

 

[ahnyaahnya]

Ez to get new identity with 50m

On their own, without any other party involved can ?? No way

 

[ahnyaahnya]

Msia some place like Penang or KL got Chinese community

Canada or European countries not so much , some more sure got ppl curious about their wealth

Don't know about European countries. But I don't think that that is true of Canada.

 

[born2fly]

With today digital age where to run? You put you face onto your phone for digital services they will trigger a alert if you are wanted

 

[niefeng80]

I recall this guy.

He will get pple to purposely damage some of the customers' products during transportation and claim as damaged. But mostly are not damaged at all. Then he will resell those products. It is almost as good as free money. Chinese call it 空手套白狼.

Those old birds here will know about this case.

 

[buttbERry]

19 years in msia or they went many other countries?

 

[doppypoppy]

Next would be David Rasif

 

[Jian19]

Don't know about European countries. But I don't think that that is true of Canada.

Canada many act one atas siao lang one

Chinese from china alot

 

[Jian19]

On their own, without any other party involved can ?? No way

Can just ask someone for help

Not difficult to get a fake Thailand or Msia passport

 

[administrator88]

After 19 years on the run over an embezzlement case involving more than US$51 million, a rogue Singaporean tycoon and his wife were arrested in Malaysia on Dec 3.

Ng Teck Lee, 58, was the chief executive officer and president of then listed recycling firm Citiraya Industries.

The company was in the business of recycling and recovering precious metals from electronic scrap, such as used computer chips.

Its clients included semiconductor giants such as AMD, Intel and Infineon.

But instead of crushing items to recover precious metals from the scrap, Ng allegedly sent the products overseas to be sold.

The Straits Times reported in 2008 that investigations revealed he had purportedly made more than US$51 million, which was worth around S$72 million at the time, from his schemes.

His wife, Thor Chwee Hwa, 55, was allegedly in cahoots with him, and the two Singaporeans fled the country in 2005 when the Corrupt Practices Investigation Bureau (CPIB) investigated the case.

The agency investigates cases of corruption and the discharging of benefits from criminal conduct, such as money laundering.

For 19 years, the couple evaded capture.

https://www.businesstimes.com.sg/si...nvolved-s72-million-embezzlement-case-ends-jb

Wow the wife is thor. Bring the hammer can fly already