\n<\/p>\n
He also faces six counts of cheating. He allegedly conspired with Ong to provide false audit confirmations to CW Group’s statutory auditor, Ernst & Young Solutions.<\/p>\n
According to court documents, Ong purportedly deceived Ernst & Young into believing that the CW Group escrow account maintained by JLC contained certain balances when it did not. Through this, Ong intentionally induced the auditor to issue a clean opinion on its audit of CW Group’s Singapore-based entities, which it would not have done had it not been deceived, the documents read.<\/p>\n
Wong is also accused of instigating his finance employees to falsify CW Group’s financial statements for the financial years 2015 and 2016 by recording false payment and receipt vouchers.<\/p>\n
Low was handed five charges, including four for allegedly conspiring with Ong to commit criminal breach of trust as an attorney. These charges involve the alleged misappropriation of more than S$11 million held in Allied Technologies’ escrow facility with JLC.<\/p>\n
The police said that Low was not the executive director of Allied Technologies when these alleged offences purportedly took place, on or before Oct 31, 2017.<\/p>\n
During these alleged offences, which are said to have taken place on or before Oct 31, 2017, Low was not the executive director of Allied Technologies, the police said.<\/p>\n
But he was holding that position when he allegedly conspired with Ong in a separate incident that occurred on or before Apr 15, 2019, to forge another person’s signature on a cheque. The cheque amount was not mentioned in court documents.<\/p>\n
According to court records, the two men pleaded not guilty to their respective charges and are scheduled to attend pre-trial conferences on Oct 27. These conferences are meant to deal with relevant matters before a trial date is scheduled.<\/p>\n
For each count of abetting by engaging in a conspiracy to commit criminal breach of trust as an attorney, an offender can be jailed for up to 20 years and fined.<\/p>\n
For each count of cheating, an offender can be jailed for up to three years, fined, or both.\u00a0<\/p>\n<\/div>\n
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He also faces six counts of cheating. He allegedly conspired with Ong to provide false audit confirmations to CW Group’s statutory auditor, Ernst & Young…<\/p>\n","protected":false},"author":1,"featured_media":87307,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/dam.mediacorp.sg\/image\/upload\/s--bkK0RRQs--\/c_crop,h_896,w_1594,x_0,y_170\/c_fill,g_auto,h_676,w_1200\/fl_relative,g_south_east,l_mediacorp:cna:watermark:2021-08:cna,w_0.1\/f_auto,q_auto\/v1\/mediacorp\/cna\/image\/2024\/03\/12\/jem_0069.jpg?itok=ZX7ccaA3","fifu_image_alt":"","footnotes":""},"categories":[2],"tags":[141,17908,4110,30501,3275,400,10909,30502],"class_list":["post-87306","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buzz-news-sg-global","tag-charged","tag-conspiring","tag-dollars","tag-exlawyer","tag-jeffrey","tag-men","tag-millions","tag-misappropriate","wpcat-2-id"],"brizy_media":[],"_links":{"self":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/87306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=87306"}],"version-history":[{"count":0,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/87306\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/media\/87307"}],"wp:attachment":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=87306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=87306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=87306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}