ANOTHER fraud and cheating scandal has hit Singapore's corporate world, this time involving sums to the tune of more than half a billion dollars. The chief of delisted memory chip recycler EC-Asia was yesterday hauled into court on 687 charges involving a whopping US$372.2 million (S$545 million) - making this one of the biggest corporate scandals here to date. From March 2001 to January last year, Kelvin Ang Ah Peng, 43, allegedly cheated an information technology company and six banks of US$290.5 million by trading in worthless chips.
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