Latest news with #EvergreenGroupHoldings
The Star
7 days ago
- Business
- The Star
Super Rich In Korea series' David Yong gets court nod to travel abroad again for business
This is the second time David Yong has been allowed to go overseas amid his pending criminal proceedings. - Photo: ST SINGAPORE: Businessman David Yong, who was featured in the Netflix series Super Rich In Korea and accused of multiple offences, has once again been permitted to travel out of Singapore on business. This is the second time the beleaguered businessman has been allowed to go overseas amid his pending criminal proceedings. On Tuesdy (Aug 12), about a month after his previous trips to South Korea and Malaysia, Yong's lawyer Navin Naidu applied for his client to travel to these same countries. A district court allowed Yong to travel to Seoul from Aug 15 to 24, and Kuala Lumpur from Aug 28 to Sept 1. The Kuala Lumpur trip is also for Yong to assist in separate police investigations based on reports filed by him, said Naidu. The lawyer did not divulge further details. The Straits Times understands that Yong was the complainant in this separate case, which is unrelated to his current criminal charges. The 38-year-old Singaporean, whose full name is Yong Khung Lin, is the chief executive of a group of companies collectively known as Evergreen Group Holdings. Yong, who is represented by Naidu, Philip Teh and Aaron Lim of Dentons Rodyk & Davidson, was charged in 2024 with four counts of falsification of accounts. On June 3, he was handed his fifth charge involving more than 1,000 promissory notes made by a company linked to him. In granting him permission to travel, the court ordered that his current bail of $1 million be increased by another $500,000. While overseas, Yong has to report twice daily to the investigation officer by video calls and location sharing, down from three times a day during his previous trips. The prosecution did not object to Yong's application to travel overseas. Yong was previously allowed to travel to Seoul from July 4 to 11, and Kuala Lumpur from July 14 to 21 to attend to urgent matters for his businesses overseas, including securing new office premises. This came after three failed applications to travel overseas. On his third application on March 20, District Judge Brenda Tan had found Yong to be a serious flight risk. He held a Cambodian passport under the name 'Duong Dara' that he claimed to have surrendered to the Cambodian authorities in June 2024. However, Judge Tan said then that there was no official confirmation on the whereabouts of this document. It was also revealed in court that Yong had allegedly sought another passport from Grenada, an island nation in the Caribbean. On June 27, during Yong's first successful application to travel overseas, Naidu said the issue of the whereabouts of Yong's Cambodian passport is now 'conclusively resolved'. Naidu also said Yong has no interest in applying for any other foreign passports. Yong was featured in the Netflix series Super Rich In Korea as one of the 'super rich'. Just three months after his appearance on the show, he was arrested on Aug 1, 2024, and charged in court two days later. Yong's next pre-trial conference will take place on Sept 5. - The Straits Times/ANN
Singapore Law Watch
30-06-2025
- Business
- Singapore Law Watch
Super Rich In Korea's David Yong, accused of multiple offences, allowed to leave Singapore in July
Super Rich In Korea's David Yong, accused of multiple offences, allowed to leave Singapore in July Source: Straits Times Article Date: 29 Jun 2025 Author: Shaffiq Alkhatib The 38-year-old Singaporean, whose full name is Yong Khung Lin, is the chief executive of a group of companies collectively known as Evergreen Group Holdings, and was charged in 2024 with four counts of falsification of accounts. Businessman David Yong, who was featured in the Netflix series Super Rich In Korea and accused of multiple offences, has been granted permission to leave Singapore for business trips to South Korea and Malaysia. On June 27, a district court allowed him to travel to Seoul from July 4 to 11, and Kuala Lumpur from July 14 to 21. His current bail of $1 million was also increased by another $500,000. The 38-year-old Singaporean, whose full name is Yong Khung Lin, is the chief executive of a group of companies collectively known as Evergreen Group Holdings. He was charged in 2024 with four counts of falsification of accounts. On June 3, he was handed his fifth charge involving more than 1,000 promissory notes made by a company linked to him. In his fourth travel application on June 27, Yong, who is represented by lawyers Navin Naidu, Philip Teh and Aaron Lim of Dentons Rodyk & Davidson, sought permission to attend to 'urgent matters' for his businesses overseas, including securing new office premises. In earlier proceedings, the court heard that he had a Cambodian passport under the name 'Duong Dara', which he claimed to have surrendered to Cambodian authorities in June 2024. In March, District Judge Brenda Tan rejected his application to leave Singapore, as there was no official confirmation on the whereabouts of his Cambodian passport. On June 27, Mr Naidu told the court that while the whereabouts of Yong's Cambodian passport might not have been completely resolved in the past, the issue is now 'conclusively resolved'. Mr Naidu also submitted that Yong has no interest in applying for any other foreign passports. The lawyers also tendered supporting documents showing that their client was physically required to attend to his business matters in South Korea and Malaysia. Judge Tan then granted Yong permission to leave Singapore in July under multiple conditions. Among other things, he must furnish the complete travel itinerary before his departure to the investigation officer (IO) or an officer acting under the latter's direction. He must also surrender his passport to the IO or an officer acting under the latter's direction within 24 hours of his return on July 21. Yong was arrested on Aug 1, 2024, just three months after he appeared in Super Rich In Korea. He faced his first charge two days later over allegations he abetted a woman identified as Ms Jolene Low Mong Han to falsify papers belonging to Evergreen GH – an entity under Evergreen Group Holdings. According to court documents, Yong allegedly instigated Ms Low on or around Dec 16, 2021, to falsify a tax invoice dated Sept 1, 2021, from Evergreen Assets Management for purported bulk sales of household fittings and appliances to a person named Mr Roy Teo. Yong was later handed his second and third charges in relation to a promissory note arrangement involving Evergreen Group Holdings. They relate to events on or around Dec 16, 2021. Yong is said to have instigated Ms Low to falsify two tax invoices from Evergreen Assets Management for purported sales of furniture to two separate entities. He appeared again in court on Aug 15, 2024, over allegations that he falsified papers belonging to Evergreen GH, formerly known as Evergreen Assets Management. Yong was handed his fifth charge earlier in June. In his latest charge, he is accused of consenting to the offering of promissory notes by Evergreen GRP Holdings between July 2023 and July 2024 that did not comply with requirements under the Securities and Futures Act (SFA). According to the Singapore Legal Advice website, a promissory note is a written and signed unconditional promise made by a borrower to pay a certain sum of money to a specified party. This party may be a person or company. Such notes are considered contracts and are legally enforceable. In a statement on June 3, the police said more than $61 million was raised from the issuance of over 1,000 promissory notes that promised an annual interest of 10 per cent. 'Under the SFA, any offer of securities must be made in or accompanied by a prospectus that is lodged with and registered by the Monetary Authority of Singapore, unless an exemption applies,' a police spokesperson said. 'The prospectus must contain all the information that investors and their advisers would reasonably require to make an informed investment decision. As such, members of the public are advised to exercise caution when dealing with such offers without a prospectus.' Yong's pre-trial conference will take place on July 18. Shaffiq Alkhatib is The Straits Times' court correspondent, covering mainly criminal cases heard at the State Courts. Source: The Straits Times © SPH Media Limited. Permission required for reproduction. Print
The Star
28-06-2025
- Business
- The Star
'Super Rich In Korea's' David Yong, accused of multiple offences, allowed to leave Singapore in July
SINGAPORE (The Straits Times/ANN): Singaporean businessman David Yong, who was featured in the Netflix series 'Super Rich In Korea' and accused of multiple offences, has been granted permission to leave Singapore for business trips to South Korea and Malaysia. On June 27, a district court allowed him to travel to Seoul from July 4 to 11, and Kuala Lumpur from July 14 to 21. His current bail of S$1 million (RM3.3 million) was also increased by another S$500,000 (RM1.65 million). The 38-year-old Singaporean, whose full name is Yong Khung Lin, is the chief executive of a group of companies collectively known as Evergreen Group Holdings. He was charged in 2024 with four counts of falsification of accounts. On June 3, he was handed his fifth charge involving more than 1,000 promissory notes made by a company linked to him. In his fourth travel application on June 27, Yong, who is represented by lawyers Navin Naidu, Philip Teh and Aaron Lim of Dentons Rodyk & Davidson, sought permission to attend to 'urgent matters' for his businesses overseas, including securing new office premises. In earlier proceedings, the court heard that he had a Cambodian passport under the name 'Duong Dara', which he claimed to have surrendered to Cambodian authorities in June 2024. In March, District Judge Brenda Tan rejected his application to leave Singapore, as there was no official confirmation on the whereabouts of his Cambodian passport. On June 27, Naidu told the court that while the whereabouts of Yong's Cambodian passport might not have been completely resolved in the past, the issue is now 'conclusively resolved'. Naidu also submitted that Yong has no interest in applying for any other foreign passports. The lawyers also tendered supporting documents showing that their client was physically required to attend to his business matters in South Korea and Malaysia. Judge Tan then granted Yong permission to leave Singapore in July under multiple conditions. Among other things, he must furnish the complete travel itinerary before his departure to the investigation officer (IO) or an officer acting under the latter's direction. He must also surrender his passport to the IO or an officer acting under the latter's direction within 24 hours of his return on July 21. Yong was arrested on Aug 1, 2024, just three months after he appeared in Super Rich In Korea'. He faced his first charge two days later over allegations he abetted a woman identified as Ms Jolene Low Mong Han to falsify papers belonging to Evergreen GH – an entity under Evergreen Group Holdings. According to court documents, Yong allegedly instigated Low on or around Dec 16, 2021, to falsify a tax invoice dated Sept 1, 2021, from Evergreen Assets Management for purported bulk sales of household fittings and appliances to a person named Mr Roy Teo. Yong was later handed his second and third charges in relation to a promissory note arrangement involving Evergreen Group Holdings. They relate to events on or around Dec 16, 2021. Yong is said to have instigated Ms Low to falsify two tax invoices from Evergreen Assets Management for purported sales of furniture to two separate entities. He appeared again in court on Aug 15, 2024, over allegations that he falsified papers belonging to Evergreen GH, formerly known as Evergreen Assets Management. Yong was handed his fifth charge earlier in June. In his latest charge, he is accused of consenting to the offering of promissory notes by Evergreen GRP Holdings between July 2023 and July 2024 that did not comply with requirements under the Securities and Futures Act (SFA). According to the Singapore Legal Advice website, a promissory note is a written and signed unconditional promise made by a borrower to pay a certain sum of money to a specified party. This party may be a person or company. Such notes are considered contracts and are legally enforceable. In a statement on June 3, the police said more than $61 million was raised from the issuance of over 1,000 promissory notes that promised an annual interest of 10 per cent. 'Under the SFA, any offer of securities must be made in or accompanied by a prospectus that is lodged with and registered by the Monetary Authority of Singapore, unless an exemption applies,' a police spokesperson said. 'The prospectus must contain all the information that investors and their advisers would reasonably require to make an informed investment decision. As such, members of the public are advised to exercise caution when dealing with such offers without a prospectus.' Yong's pre-trial conference will take place on July 18. - The Straits Times/ANN
Straits Times
28-06-2025
- Business
- Straits Times
Super Rich In Korea's David Yong, accused of multiple offences, allowed to leave Singapore in July
On June 27, a district court allowed him to travel to Seoul from July 4 to 11, and Kuala Lumpur from July 14 to 21. PHOTO: ST FILE Super Rich In Korea's David Yong, accused of multiple offences, allowed to leave Singapore in July SINGAPORE – Businessman David Yong, who was featured in the Netflix series Super Rich In Korea and accused of multiple offences, has been granted permission to leave Singapore for business trips to South Korea and Malaysia. On June 27 , a district court allowed him to travel to Seoul from July 4 to 11, and Kuala Lumpur from July 14 to 21. His current bail of $1 million was also increased by another $500,000. The 38-year-old Singaporean, whose full name is Yong Khung Lin, is chief executive of a group of companies collectively known as Evergreen Group Holdings. He was charged in 2024 with four counts of falsification of accounts. On June 3, he was handed his fifth charge involving more than 1,000 promissory notes made by a company linked to him. In his fourth travel application on June 27, Yong, who is represented by lawyers Navin Naidu, Philip Teh and Aaron Lim of Dentons Rodyk & Davidson, sought permission to attend to 'urgent matters' for his businesses overseas including securing new office premises. In earlier proceedings, the court heard that he had a Cambodian passport under the name 'Duong Dara' that he claimed to have surrendered to the Cambodian authorities in June 2024. In March, District Judge Brenda Tan rejected his application to leave Singapore, as there was no official confirmation on the whereabouts of his Cambodian passport. On June 27, Mr Naidu told the court that the whereabouts of Yong's Cambodian passport might have not been completely resolved in the past, but that the issue is now ' conclusively resolved '. Mr Naidu also submitted that Yong has no interest in applying for any other foreign passports. The lawyers also tendered supporting documents showing that their client was physically required to attend to his business matters in South Korea and Malaysia. Judge Tan then granted Yong's permission to leave Singapore in July under multiple conditions. Among other things, he must furnish the complete travel itinerary before his departure to the investigation officer (IO) or an officer acting under the latter's direction. He must also surrender his passport to the IO or an officer acting under the latter's direction within 24 hours of his return on July 21. Yong was arrested on Aug 1, 2024, just three months after he appeared in Super Rich In Korea. He faced his first charge two days later over allegations he abetted a woman identified as Jolene Low Mong Han to falsify papers belonging to Evergreen GH – an entity under Evergreen Group Holdings. According to court documents, Yong allegedly instigated Ms Low on or around Dec 16, 2021, to falsify a tax invoice dated Sept 1, 2021, from Evergreen Assets Management for purported bulk sales of household fittings and appliances to a person named Roy Teo. Yong was later handed his second and third charges in relation to a promissory note arrangement involving Evergreen Group Holdings. They relate to events on or around Dec 16, 2021. Yong is said to have instigated Ms Low to falsify two tax invoices from Evergreen Assets Management for purported sales of furniture to two separate entities. He appeared again in court on Aug 15, 2024, over allegations that he falsified papers belonging to Evergreen GH, formerly known as Evergreen Assets Management. Yong was handed his fifth charge earlier in June. In his latest charge, Yong is accused of consenting to the offering of promissory notes by Evergreen GRP Holdings (EGR) between July 2023 and July 2024 that did not comply with requirements under the Securities and Futures Act (SFA). According to the Singapore Legal Advice website, a promissory note is a written and signed unconditional promise made by a borrower to pay a certain sum of money to a specified party. This party may be a person or company. Such notes are considered contracts and are legally enforceable. In a statement on June 3, the police said more than $61 million was raised from the issuance of over 1,000 promissory notes that promised an annual interest of 10 per cent. A police spokesperson added: 'Under the SFA, any offer of securities must be made in or accompanied by a prospectus that is lodged with and registered by the Monetary Authority of Singapore, unless an exemption applies. 'The prospectus must contain all the information that investors and their advisers would reasonably require to make an informed investment decision. As such, members of the public are advised to exercise caution when dealing with such offers without a prospectus.' Yong's pre-trial conference will take place on July 18. Shaffiq Alkhatib is The Straits Times' court correspondent, covering mainly criminal cases heard at the State Courts. Join ST's WhatsApp Channel and get the latest news and must-reads.
Singapore Law Watch
04-06-2025
- Business
- Singapore Law Watch
Super Rich In Korea's David Yong given additional charge linked to over 1,000 promissory notes
Super Rich In Korea's David Yong given additional charge linked to over 1,000 promissory notes Source: Straits Times Article Date: 04 Jun 2025 Author: Shaffiq Alkhatib Businessman David Yong is the chief executive of a group of companies collectively known as Evergreen Group Holdings. Businessman David Yong, who was featured in Netflix series Super Rich In Korea, was handed his fifth charge on June 3, involving more than 1,000 promissory notes made by a company linked to him. The 38-year-old Singaporean, whose full name is Yong Khung Lin, is chief executive of a group of companies collectively known as Evergreen Group Holdings. He was charged in 2024 with four counts of falsification of accounts. In his latest charge, Yong is accused of consenting to the offering of promissory notes by Evergreen GRP Holdings (EGR) between July 2023 and July 2024 that did not comply with requirements under the Securities and Futures Act (SFA). According to the Singapore Legal Advice website, a promissory note is a written and signed unconditional promise made by a borrower to pay a certain sum of money to a specified party. This party may be a person or company. Such notes are considered contracts and are legally enforceable. In a statement on June 3, the police said more than $61 million was raised from the issuance of over 1,000 promissory notes that promised an annual interest of 10 per cent. A police spokesperson added: 'Under the SFA, any offer of securities must be made in or accompanied by a prospectus that is lodged with and registered by the Monetary Authority of Singapore, unless an exemption applies. 'The prospectus must contain all the information that investors and their advisers would reasonably require to make an informed investment decision. As such, members of the public are advised to exercise caution when dealing with such offers without a prospectus.' Yong was arrested on Aug 1, 2024, just three months after he appeared in Super Rich In Korea. He faced his first charge two days later over allegations he abetted a woman identified as Jolene Low Mong Han to falsify papers belonging to Evergreen GH – an entity under Evergreen Group Holdings. According to court documents, Yong allegedly instigated Ms Low on or around Dec 16, 2021, to falsify a tax invoice dated Sept 1, 2021, from Evergreen Assets Management for purported bulk sales of household fittings and appliances to a person named Roy Teo. Yong was later handed his second and third charges in relation to a promissory note arrangement involving Evergreen Group Holdings. They relate to events on or around Dec 16, 2021. Yong is said to have instigated Ms Low to falsify two tax invoices from Evergreen Assets Management for purported sales of furniture to two separate entities. He appeared again in court on Aug 15, 2024, over allegations that he falsified papers belonging to Evergreen GH, formerly known as Evergreen Assets Management. Yong's pre-trial conference will take place on June 5. Shaffiq Alkhatib is The Straits Times' court correspondent, covering mainly criminal cases heard at the State Courts. Source: The Straits Times © SPH Media Limited. Permission required for reproduction. Print
