SINGAPORE (June 30): Lawyer Jeffrey Ong Shu Aun, who is involved in what is believed to be the largest case of lawyers absconding with clients' funds, has been slapped with 15 more charges.
Held in remand since June last year, Ong now faces a total of 53 charges. No bail was granted.
According to the charge sheets, Ong, via multiple escrow notices, allegedly misled Allied Technologies into believing that the company’s money of more than $33 million was in place.
The alleged deception started back in Nov 3 2017 and lasted till Jan 22 2019.
In addition to Allied Technologies, Ong was charged with misappropriating $250,000 in an escrow account at Standard Chartered Bank belonging to one Jocelyn Rita d/o Lawrence Stanley on Dec 17 2018.
Ong, managing partner of JLC Advisors, faces other charges ranging from misappropriating funds belonging to other clients, to forging signature of his colleague Vincent Lim Puay Chong.
He is the former chairman of Annica Holdings, which is one of the listed companies linked to John Soh Chee Wen and Quah Su-Ling, the alleged masterminds behind the 2013 penny stock crash.
