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SINGAPORE – Businessman David Yong, who was featured in Netflix<\/span><\/a> <\/span><\/a>series Super Rich In Korea<\/span><\/a>, 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.<\/p>\n Court documents stated that Yong, whose full name is\u00a0Yong Khung Lin, was the director of a company called Evergreen Assets Management at the time of the alleged offences.<\/p>\n The firm, which was later known as Evergreen GH, allegedly issued 16 loans to more than 10 parties between February 2020 and June 2023.<\/p>\n On March 16, Yong, 38, was also charged with 10 counts of falsification of accounts. He allegedly committed these offences between 2019 and 2023.<\/p>\n 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.<\/p>\n Court documents did not disclose details about Thung.<\/p>\n Among other things, Yong is said to have worked together with Thung to commit one of the offences on or around Nov 25, 2019.<\/p>\n Thung then allegedly falsely stated in Evergreen Assets Management\u2019s 2019 financial statement that its total comprehensive income for that period was $911,203.<\/p>\n In another instance on or around April 28, 2020, Thung allegedly falsely stated that the company\u2019s revenue was $15,365,042 in one of its 2020 financial statements.<\/p>\n Yong faces 17 charges in all, and his pre-trial conference will take place on May 8.<\/p>\n Yong was arrested three months after appearing in Super Rich In Korea\u00a0in\u00a0May 2024, in which he claimed to be \u201cSingapore\u2019s top 1 per cent super rich\u201d. He was charged in court two days following his arrest.<\/p>\n He was charged with\u00a0four counts of falsification of accounts that year,<\/span><\/a> and was handed a\u00a0fifth charge in June 2025<\/span><\/a> after being accused of consenting to the offering of promissory notes by\u00a0Evergreen GRP Holdings between July 2023 and July 2024.<\/p>\n These notes, which are written and signed unconditional promises made by a borrower to pay a certain sum of money to a specified person or company, did not comply with requirements under the\u00a0Securities and Futures Act.<\/p>\n The police said in an earlier statement then that more than\u00a0$61 million\u00a0was raised from the issuance of more than 1,000 promissory notes that promised an annual interest of\u00a010 per cent.<\/p>\n