SINGAPORE – Businessman David Yong, who was featured in Netflix series Super Rich In Korea, was handed two moneylending-related charges on March 16 after he allegedly allowed a company to issue more than $1.1 million in loans even though it was not authorised to do so.
Court documents stated that Yong, whose full name is Yong Khung Lin, was the director of a company called Evergreen Assets Management at the time of the alleged offences.
The firm, which was later known as Evergreen GH, allegedly issued 16 loans to more than 10 parties between February 2020 and June 2023.
On March 16, Yong, 38, was also charged with 10 counts of falsification of accounts. He allegedly committed these offences between 2019 and 2023.
In all of these charges, he allegedly engaged in a conspiracy with one Thung Sai Fun to make multiple false entries to accounts belonging to Evergreen Assets Management and Evergreen GH.
Court documents did not disclose details about Thung.
Among other things, Yong is said to have worked together with Thung to commit one of the offences on or around Nov 25, 2019.
