Singapore businessman jailed for forgery in China

A Singaporean billionaire who made headlines in 2020 for attempting to purchase an English Premier League football team but who fled Singapore weeks later amid suspicions of accounting irregularities has been apprehended in China.

Saturday marked the return to Singapore of Novena Global Healthcare Group (HGHG) director Nelson Loh Ne-Loon and a business employee.

Loh and his 43-year-old colleague Wong Soon Yuh were both detained on the same day.

Monday in court, they were charged with two charges of forgery, according to a police statement.

Along with his cousin Terence Loh and their Chinese business partner Evangeline Shen, Loh led the Bellagraph Nova Group.

The business sought to purchase Newcastle United for £280 million (about $337.7 million) in August 2020, but reports of distorted pictures in its marketing materials began to surface.

Prior to it, nothing was known about Bellagraph Nova Group, although the company claimed to have 31 corporate “entities” globally, a 2019 group revenue of $12 billion, and 23,000 workers.

Keep Reading

Early in 2021, Nelson Loh was declared bankrupt, according to reports.

The police announced on Monday that Loh and Wong, a Singaporean who worked closely with him, allegedly faked certified financial records for NGHG in 2019 and used them to get S$18 million in bank loans.

Previously, it was revealed that Novena Global Healthcare and Novena Life Sciences failed to file their annual returns by their respective due dates of July 29, 2018 and December 9, 2019, respectively.

A few days after the two departed Singapore in early September 2020, the police got a complaint that some of NHGH’s financial records included allegedly faked Ernst & Young signatures.

They were then given arrest warrants and Interpol Red Notices, which are requests to law enforcement authorities worldwide to find and provisionally arrest a person pending extradition, surrender, or equivalent legal action.

The two guys were subsequently apprehended by Chinese officials and returned to Singapore on December 24, when the Commercial Affairs Department arrested them.

Its director, David Chew, stated, “The police will do everything is necessary and legal to apprehend and deport anyone sheltering overseas so they may face punishment in Singapore.”

He praised the Chinese Ministry of Public Security for its assistance in “bringing back to Singapore these two persons.”

Katherine S

1/4 German, 3/4 Malaysian. I write, follow and monitor closely political news happening in Malaysia, and other happening news in the ASEAN region. Newswriter for the best ASEAN news website - The Asian Affairs.

Recent Posts

V Surprises ARMY with Two Holiday Releases: A Festive Collab with Park Hyo-shin and “White Christmas” Cover

For K-pop fans, the Christmas season this year has become even more magical as several of their preferred stars reveal…

November 22, 2024

Celine Names TWS as Global Ambassadors Following Suzy Bae Announcement

After Suzy Bae's nomination as Celine's worldwide ambassador, the venerable French luxury fashion company has taken another bold step choosing…

November 22, 2024

Reddit Faces Widespread Outage, Users Turn to Workarounds Amid ‘Server Error’ Messages

Thousands of users of the well-known social network Reddit were left without access after a major outage of the website.…

November 22, 2024

Anne Hathaway Casted as ‘Verity’ in Colleen Hoover’s Book Adaptation

Anne Hathaway is slated to play the much expected film version of Colleen Hoover's best-selling book Verity in front of…

November 21, 2024

Gucci Set to Revolutionize Fashion Presentations with Unified Shows in 2025 under Sabato De Sarno’s Vision

Gucci is ready to change its presentation approach for 2025 in a radical action aimed to revolutionize the fashion industry.…

November 21, 2024

South Korea’s “Korea Discount”: Addressing the Governance Gap to Boost Market Value

As world investors wait for significant changes that might solve long-standing problems of governance and responsibility in South Korea's companies,…

November 21, 2024

This website uses cookies.

Read More