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ST 4July BANKRUPT former National Kidney Foundation (NKF) chairman Richard Yong has been arrested in Hong Kong for fleeing the country illegally and failing to hand over assets. The Subordinate Courts had issued a warrant for his arrest, and Yong was declared a wanted man on June 13. The charges: Fleeing the country illegally on May 17 and failing to hand over assets as required by the Bankruptcy Act. Yong's departure came in the wake of revelations on May 9 that he had sold three apartments for $7.5 million shortly after losing a suit the NKF had filed against him, ex-board members Loo Say San and Matilda Chua, as well as former chief T.T. Durai. The charity's lawyers on May 11 obtained a Mareva Injunction - requiring Yong to give details of his assets, and to prevent him from disposing of them. Three days later, the NKF filed a police report against Yong alleging that he sold his property to escape paying the $11 million he owes the charity in damages. He was declared bankrupt on May 16, but he crossed the border into Malaysia late that night before the immigration authorities could be alerted. In a statement on June 13, the Ministry of Law said that the Official Assignee (OA) had worked with relevant authorities to determine if Yong fraudulently disposed of his property. The OA is an officer of the court who administers the affairs of bankrupts. Yong was supposed to have filed a Statement of Affairs - a written declaration of a bankrupt's assets and liabilities - to the OA by Tuesday. The statement came to the Insolvency and Public Trustee's Office, but only after it had closed for the day. On May 21, Yong had filed a brief affidavit from Kuala Lumpur stating that he had only $247 in a bank account and that the cash from selling his properties had gone towards repaying loans and legal fees. The Bankruptcy Act states that it is an offence for a bankrupt to give away or transfer assets for a period of five years prior to the date of the bankruptcy order. Those found guilty face up to three years in jail and a maximum $10,000 fine. Bankrupts who leave the country without permission face up to two years in jail and a maximum $10,000 fine.

i also wanna send my son t that school to have Kong Hee Huat Cai life~

July 22, 2008 Durai cleared on false invoice charge By Elena Chong FORMER National Kidney Foundation (NKF) chief executive T T Durai was cleared on Tuesday of the remaining charge of using a false invoice to deceive the charity. The 59-year-old, who was brought to court in orange prison overalls and handcuffed, is currently serving a three-month jail sentence for deceiving the charity with a fake invoice of $20,000 to be paid to his interior designer friend, Mr David Tan. As he was led into the dock, he broke into a smile when he saw his family members, including his wife. He appeared to have put on some weight. In end-May, he lost his appeal against conviction and sentence in the High Court, which upheld the lower court's decision. He started serving his sentence on June 10. The case followed on the heels of the scandal which rocked the charity and led Durai and the entire board to step down in 2005. In court on Tuesday, Deputy Public Prosecutor David Khoo told District Judge Liew Thiam Leng that the prosecution had decided to withdraw the remaining charge against Durai. He applied for a discharge amounting to an acquittal. With good behaviour, Durai is exepcted to be out of jail in about three weeks. His lawyer, Senior Counsel Sant Singh, spoke to Durai together with his family members for a while after the court session was over. http://www.straitstimes.com/Latest%2BNews/...ory_260261.html muahahahaha... hurray.. can celebrate ND liaoz.

the ex-NKF chief was jailed 3 months, while the Ren Ci founder was sentenced to 10 months jail earlier this week for cheating the Ren Ci charity. Whose crime is more serious?

http://www.dnaindia.com/report.asp?newsid=1221350

Interesting money makes the people go round and round

goodbye jailbird ================== BT 31/5 FORMER National Kidney Foundation (NKF) chief TT Durai has failed in his appeal against a corruption conviction and will have to serve a three-month jail term starting June 10. The High Court yesterday dismissed Durai's appeal against the conviction and the jail term, with Justice Tay Yong Kwang saying he found no reason to disagree with the conclusion of the trial judge. District Judge Aedit Abdullah found the former NKF chief guilty of corruption in June last year, based mainly on the testimony of key witness David Tan. Mr Tan, a long-time friend of Durai, owned the design firm DTC to which Durai issued a false invoice for $20,000 in June 2007. The court found that Durai asked Mr Tan to draw up the invoice for design work at NKF centres to trick the charity into paying his friend. When pressed on the witness stand, Mr Tan could not say what work was done. Judge Aedit said the offence was serious because it involved a charity's funds. Justice Tay agreed with that verdict yesterday, saying Durai was 'in a position of trust and authority' at NKF and the money in question belonged to a charity whose funds come from trusting donors. He dismissed Durai's arguments that a custodial sentence would affect his ability to repay his debts to NKF. Durai owes the charity $4.05 million after losing a civil suit last year filed by NKF. The former NKF chief will start serving his jail term on June 10. The court allowed him to defer the sentence as his elderly mother is having an operation next Tuesday. The former NKF chief faces a second charge of corruption for allegedly using a false invoice to approve a $5,000 payment from the charity to an advertising company called DecisionOne. The charge carries a maximum penalty of five years' jail and/or a $100,000 fine. Durai is now working for Property Facility Services, a real estate management company, and is starting a firm in the United Arab Emirates offering health care and human resource services in the Middle East. He is its chief executive officer, based full-time in Abu Dhabi, with a pay packet of $25,000 a month.

He's back to face some case... http://news.asiaone.com/News/AsiaOne%2BNew...0115-45161.html

http://www.straitstimes.com/Latest%2BNews/...ory_155644.html