2 men charged with conspiring with ex-lawyer Jeffrey Ong to misappropriate millions of dollars
According to court records, the two men pleaded not guilty to their respective charges.
Two men, Wong Koon Lup, 63, and Kenneth Low Si Ren, 38, were charged on Wednesday (Sep 23) in Singapore for allegedly conspiring with former lawyer Jeffrey Ong to misappropriate millions of dollars. Ong was sentenced to 19 years in jail in 2023 for cheating and misappropriating millions of dollars while working as an attorney. The two men are former chief executive officer and chairman of CW Group Holdings, and former executive director of Allied Technologies.
Both companies used an escrow facility arrangement with JLC Advisors, a law firm that acted as their escrow agent. Ong was involved in a scheme that allegedly misappropriated around S$17 million belonging to CW Group and its subsidiary, CW Advanced Technologies, by providing false audit confirmations to Ernst & Young Solutions. Wong is accused of instigating his finance employees to falsify CW Group's financial statements for 2015 and 2016.
Low faces charges for allegedly conspiring with Ong to misappropriate over S$11 million held in Allied Technologies' escrow facility with JLC. The men pleaded not guilty to their respective charges, and are set to attend pre-trial conferences on Oct 27.
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