The wife of the former chairman of Singapore's largest charity fund has been accused of helping him dispose of his assets in Hong Kong after he fled to avoid paying damages in a scandal in which millions of dollars in donations were misused.
On Shu Kio, 64, allegedly transferred HK$20 million from Singapore to her bank account in Hong Kong in March after her husband, Richard Yong Kun Da, sold three flats in Singapore, Eastern Court heard yesterday.
She then tried but failed to transfer the money to a bank account in Britain. The couple were arrested on Wednesday at a house in Stanley at the request of Singapore's government, the court heard.
She did not enter a plea yesterday to a charge that she had dealt with property known or believed to represent the proceeds of an indictable offence.
Yong appeared in the same court on Thursday for extradition proceedings, during which he agreed to return home to face charges. He was remanded in custody and will appear in court again on Wednesday. A court in Singapore has convicted Yong, 65, of negligence as a director of the National Kidney Foundation.
He left Singapore for Hong Kong after being declared bankrupt in a civil lawsuit against him and other former directors of the fund, in which they are being called on to pay HK$60 million in damages.
