Singapore couple linked to US$51m electronic scrap scam charged after 19 years on the run
The Singapore tycoon and his wife at the centre of an electronic scrap scam involving over US$51 million were both charged today (4 December).
Ng Teck Lee and Thor Chwee Hwa had been on the run for 19 years when they were arrested yesterday (3 December) in Malaysia by the Malaysian Anti-Corruption Commission (MACC). Both were handed over to the Corrupt Practices Investigation Bureau (CPIB) on the same day.
The 58-year-old Ng has been charged with one count of committing criminal breach of trust for allegedly misappropriating electronic scraps of various companies.
Ng was previously the chief executive of Citiraya Industries which recycles and recovers precious metals from electronic scrap. He has been accused of selling the products overseas for personal profit instead of crushing them.
The scheme reportedly made him more than US$51 million.
Thor, aged 55, has been charged with one count of dealing with the benefits of criminal conduct. She allegedly had an arrangement with Ng to open a Credit Suisse Hong Kong account in her name, which would be used to pocket money made from the scheme.