{
  "id": 9286067,
  "title": "Ex-executives of CW Group, Allied Technologies charged over offences related to JLC’s Jeffrey Ong",
  "url": "https://urgent.news/2026/09/23/ex-executives-of-cw-group-allied-technologies-charged-over-offences",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-23T06:27:31.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/ex-executives-cw-group-allied-technologies-charged-over-offences-related-jlcs-jeffrey-ong"
  },
  "original_language": "en",
  "account": "Ex-executive director Kenneth Low of CW Group and former CEO Wong Koon Lup of Allied Technologies have been charged in Singapore over allegations of conspiracy with Jeffrey Ong of JLC Advisors to misappropriate millions of dollars from their companies. Low and Wong appeared in court on Wednesday (Sep 23), pleading not guilty to 5 and 24 charges respectively. They are being held on bail of S$300,000 and S$280,000 pending trial. The companies had escrow arrangements with JLC, which acted as their agent. Four of Low's charges alleged he aided Ong in breaching trust by withdrawing sums ranging from S$2.6 million to S$3.2 million from a DBS account, totalling about S$11.7 million. Wong is charged with forging his partner Vincent Lim's signature on a DBS cheque. Low was arrested in April 2021 and previously named in five charges against Ong for misappropriation of Allied Tech's escrow funds, totaling nearly S$76 million. Ong was sentenced to 19 years in prison in 2023 for 10 charges, including cheating and criminal breach of trust.",
  "summary": "Both companies are no longer listed",
  "key_points": [
    "Kenneth Low and Wong Koon Lup charged in Singapore",
    "Allegations of conspiracy to misappropriate funds",
    "Pleaded not guilty to multiple charges each"
  ],
  "editors_take": "The charges against the ex-executives mark a further escalation of the legal fallout from the misappropriation of millions of dollars from CW Group and Allied Technologies through their escrow arrangements with JLC Advisors.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Ex-execs of CW Group, Allied Tech charged with offences linked to lawyer’s S$76 million misappropriation",
        "url": "https://urgent.news/2026/09/23/ex-execs-of-cw-group-allied-tech-charged-with-offences-linked-to",
        "published": "2026-09-23T06:27:31.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}