The charge is unrelated to the $33 million belonging to Catalist-listed company Allied Technologies that was held in an escrow account managed by JLC and that subsequently went missing.
SINGAPORE (June 10): Jeffrey Ong Su Aun, the managing partner of law firm JLC Advisors, who had been uncontactable since May 20, has been apprehended and charged. Ong, 41, was arrested in Malaysia and sent back to Singapore on May 30.
On June 1, Ong was charged in Singapore with cheating a company called CCJ Investments into disbursing $6 million as part of a loan agreement with another company, Suite Development. There was no loan agreement. Instead, part of the funds was used to refinance Suite Development’s mortgage loan, while the remainder was deposited into JLC’s client account.
