A $400k lesson on why you should not lend money to others

Sign up now: Get ST's newsletters delivered to your inbox

A woman had to go to court twice to reclaim her loan of over $400,000 to a business associate.

ST ILLUSTRATION: MANNY FRANCISCO

Sign up for ST InvestMe and unlock full access to exclusive insights and financial literacy courses today.

SINGAPORE – A woman gave over $400,000 in loans to help a business associate but ended up having to fight two court battles to recover her money, as the borrower cooked up various excuses to avoid paying her.

See more on