ALMOST seven weeks to the day that he slipped out from under the nose of the authorities, disgraced former National Kidney Foundation (NKF) chairman Richard Yong, will be hauled to court today - in Hong Kong.
Yong and his wife On Shu Kio were arrested in the territory yesterday.
In a statement, the Commercial Affairs Department in Singapore said that authorities from the Hong Kong Department of Justice arrested Yong yesterday morning "pursuant to Singapore's request".
"Singapore will be working with the Hong Kong authorities to initiate extradition proceedings for the return of Richard Yong," the statement added.
Yong fled Singapore in the early hours of May 17 - not long after he was convicted for failing in his duties as the NKF's director and was declared a bankrupt. He managed to flee before the Official Assignee's (OA) office could tell the Immigration and Checkpoints Authority to blacklist him.
A warrant for Yong's arrest was issued on June 13 as bankrupts are not allowed to leave the country without the OA's permission. He had also failed to deliver up possession of his assets as required under the Bankruptcy Act.
In February, after admitting himself liable for some $11 million in damages in the NKF's civil suit against him, Yong sold off three of his apartments for a total of about $7.45 million.
Before his arrest in Hong Kong, Yong was last seen leaving a lawyer's office in Kuala Lumpur on May 21.
No comments:
Post a Comment