Investment victims claim $407k seized from firm's account

Many turn up at disposal inquiry after CAD seeks court order to return money seized during probe

Lee Song Teck is now a wanted man after skipping town in January 2013. The money was seized from one of his companies that the police probed - Asia Pacific Bullion (APB), of which he was the sole director and shareholder. ST FILE PHOTO
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The Bentley-driving businessman claimed to be worth $30 million, and said he was planning to make $200 million and give 90 per cent to charity. But just a year after making his claim, he skipped town in January 2013.

Less than a week after he left, the police began to receive a stream of reports relating to Lee Song Teck, now 40 and a wanted man, and his companies.

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A version of this article appeared in the print edition of The Straits Times on December 15, 2018, with the headline Investment victims claim $407k seized from firm's account. Subscribe