Tussle over widow's $40m assets: Former China tour guide Yang Yin seeks to free assets

SINGAPORE - Former China tour guide Yang Yin has filed an application to the High Court requesting that his assets no longer be frozen under a Mareva injunction.

The 40-year-old is currently embroiled in an ongoing civil suit over the $40 million assets of wealthy widow Chung Khin Chun.

The move comes after Yang was denied his weekly allowance of $3,000, which the court had previously granted under the Mareva order, said his lawyer, Mr Joseph Liow, on Tuesday.

The application was filed on Monday for the Mareva injunction to be "discharged" unless Madam Hedy Mok, niece of the Madam Chung, 87, agrees to pay the sum for his client's legal and personal expenses, he added.

When asked, Madam Mok's lawyer, Mr Andrew Lee, told reporters that he is still taking his client's position on this matter.

The next hearing for the application will take place on Feb 24.

This is the latest development to take place in the legal dispute over Yang and Madam Mok over the assets of her aunt - estimated to be worth $40 million.

Yang, who also faces criminal charges, has been accused by the 61-year-old travel agency owner of manipulating her dementia-stricken aunt, Madam Chung, into handing over her assets.

In August last year, the court granted an order to freeze the assets of the former tour guide under the Mareva injunction. The order also stated that a weekly allowance of $3,000 be released for Yang's personal expenses and legal fees.

His wife, Madam Weng Yandan, his parents and his former bailor have also been added as defendants to the ongoing civil suit.

Yang has been in remand since Oct 31 last year. He faces more than 300 charges in total, including two criminal breach of trust charges for allegedly misappropriating $1.1 million from Madam Chung.

kcarolyn@sph.com.sg