singapore – a attorney who fled singapore after $33 million of his purchaser’s money that turned into parked in his company went lacking has been struck off the rolls.
the court docket of 3 judges dominated on wednesday that former managing accomplice of jlc advisors, jeffrey ong su aun, ran afoul of several of the legal profession (expert behavior) policies by way of appearing dishonestly.
ong’s crook case remains pending. he presently faces seventy six costs, such as for criminal breach of accept as true with, forgery and dishonest – in what the prosecutor earlier referred to as “the largest amount of money ever misappropriated by way of a attorney in singapore”.
it was in advance reported that ong fled singapore and turned into arrested in a kuala lumpur motel with a stolen malaysian passport of a man who resembled him. he has been in remand in view that june 2019.
on wednesday, ong, forty five, regarded in court thru video hyperlink from changi jail. he changed into denied bail ultimate yr.
whilst requested if he needed to mention something, ong said he agreed with the law society of singapore (lawsoc) submissions that he have to be struck off.
the court – which comprised chief justice sundaresh menon and justices tay yong kwang and judith prakash – heard that allied technologies agreed to escrow a total sum of $33,153,416.56 with ong’s company.
allied technology, which made a complaint to lawsoc, had an settlement with ong’s firm that the firm changed into to act as an escrow agent to maintain the finances till allied technologies advised the firm to launch the price range.
a two-member disciplinary tribunal report found that among october 2017 and may 2019, ong allowed budget to be paid out of the account with out the authorisation of allied technologies.
in line with the report, some of the cash changed into paid out to asia box office, a subsidiary of allied technologies, mr lim tah hwa – additionally referred to as lin tah hwa – who is a full-size shareholder of the corporation, and platform capital asia.
it turned into now not said why ong made these transactions.
attributable to those transactions, 15 escrow notices to allied technology did now not mirror the true balance of the account between nov 3, 2017 and jan 22, 2019.
when allied technology made demands for the release of the finances from the account, ong misrepresented on several occasions that he would be arranging for the release of the price range when he had no intention to do so.
it became additionally now not feasible to release the $33,153,416.56 as there were insufficient budget in the account.
ong additionally signed and issued a cheque to allied technologies for the full quantity, forging the signature of a senior accomplice at his organization, mr vincent lim, and understanding the cheque could jump.
leader justice menon on wednesday referred to the sum changed into good sized and agreed with lawsoc’s suggest adam maniam from drew and napier that “the only appropriate sanction is to strike (ong) off the roll of solicitors”.