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| Nov 12, 2008 | |
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Examine wife's holdings: Judge
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| By K. C. Vijayan | |
| A HIGH Court judge has ordered a probe into assets jointly owned by a woman whose husband is on the run after swiping $2 million from an Indonesian tycoon's firm two years ago.
The Argusalim family, who set up a Singapore arm for its Indonesian steel manufacturing plants, decided to go after the wife of their former employee Christopher Foong after he fled in August 2006. Mr Foong, 32, and his wife Lam Kim Moy, 33, were shareholders and directors of a RM$2 (S$0.84) firm he set up in Penang. He moved the misappropriated funds to this company and disappeared. Read K.C. Vijayan's full story in Thursday's edition of The Straits Times. | |
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