Man, 68, charged with duping woman of $1.5 million

·Editorial team
·1 min read
The Singapore State Courts. (Yahoo News Singapore file photo)
The Singapore State Courts. (Yahoo News Singapore file photo)

SINGAPORE — A 68-year-old man was charged at the State Courts on Friday (7 January) with cheating a woman of $1.5 million.

Wong Poh Kun is accused of duping the victim into believing that the $1.5 million she was transferring to the bank account of an Asia Alternative Fund was meant for a loan of $15 million. She never received the sum.

Wong is being remanded at Central Police Division. The case will be mentioned in court again next Friday.

The offence allegedly took place on 27 February last year. In a news release on Thursday, the police said they received a report from the victim who wanted to obtain a $15 million loan.

"The victim was asked to make payment of $1.5 million to a loan broker to secure the loan, and in return, would receive the loan in tranches," police said in the media release.

Preliminary investigations revealed that the suspect retained $1.25 million while the remaining sum was paid to the loan broker. Thereafter, the suspect remained uncontactable.

Police added that the investigations also revealed that the suspect is believed to be involved in other similar cases.

Wong was arrested on Wednesday. If found guilty of his cheating charge, he faces up to 10 years' jail and a fine.

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