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| Aug 15, 2008 | |
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Fugitive fled with US$51m
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| By K. C. Vijayan | |
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THREE years after Ng Teck Lee fled the country with money he pocketed while running waste recycling company Citiraya, it has now surfaced just how much he amassed and how he did it. In all, investigators believe he skipped town with US$51 million (S$72 million), made from selling used computer chips which the recycler should have destroyed. This makes the fraud one of Singapore's biggest ever corporate scandals. Read the full story in The Straits Times today. | |
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