Instead, Wilson creamed off $500,000 from that amount to fund trading of KTL Global shares, whose executive chairman and founder is his father, Tan Tock Han.
Wilson Tan Kheng Yeow, the former CEO of KTL Global, has been slapped with two charges of cheating the company’s own subsidiary of some $1.5 million. The alleged offences were carried out between 2014 and 2015.
Wilson deceived the subsidiary, KTL Offshore, by representing that a $1.5 million remittance to an associate company was for working capital needs.
