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The Straits Times, Richard Yong Faces 10 Criminal Charges

A DAY after he was extradited from Hong Kong, former National Kidney Foundation (NKF) chairman Richard Yong Kun Da was yesterday slapped with 10 criminal charges - each carrying a maximum jail term of between one and three years. At the district court yesterday, Yong, 66, was accused, among other things, of lying to Allen & Gledhill, the lawyers for the new NKF board, in order to buy time to transfer his assets to his wife. Yong also faces seven criminal charges under the Bankruptcy Act. The remaining six of these seven charges alleged that he was less than forthcoming with the Official Assignee (OA).

Yesterday, Deputy Public Prosecutor Francis Ng asked the court to remand Yong for a week for the Commercial Affairs Department to wrap up its investigations - a request which the judge granted. Yong's wife On remains in Hong Kong where she is currently facing a money-laundering charge for helping her husband transfer close to $4 million to an ING Bank account in Britain - a sum which is said to be the 'proceeds from a criminal offence'.

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Last updated on 20 August 2007
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