‘Super Rich’ star David Yong hit with 12 new fraud charges in Singapore
The Evergreen Group CEO, who has been in and out of court since August 2024, now faces a total of 17 charges
The 38-year-old, whose name in court papers was indicated as Yong Khung Lin, pleaded not guilty in court.
The chief executive officer of multinational business and holding company Evergreen Group Holdings, who is on bail of S$1 million, said he would contest all charges.
The new charges are mainly for abetting by conspiring with a Thung Sai Fun with the intent to defraud. False entries were allegedly made in accounts belonging to Evergreen Assets Management from end-2019 to end-2023.
The alleged false entries range from statements about Evergreen Assets Management’s total comprehensive income, revenues and dividends on ordinary shares for certain years.
The company allegedly carried out a business of moneylending without a licence by issuing 16 loans amounting to about S$1.2 million between 2020 and 2023. As a director of a company, Yong is accused of giving consent for these moneylending offences to be committed.