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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~

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?

How do you feel about Mingyi's sentence? http://sg.news.yahoo.com/cna/20091121/tap-...nt-231650b.html Singapore: The ex