‘Super Rich in Korea’ star David Yong granted US$759,000 bail in Singapore, faces fresh fraud charge
- Bail conditions for Singaporean businessman include electronic tagging, curfew from 10pm to 6am, and weekly meetings with his investigation officer
The star of the popular Netflix reality show Super Rich In Korea, David Yong, was granted bail set at S$1 million (US$759,000) on Thursday after being handed a fresh fraud charge.
The 37-year-old Singaporean businessman was one of the “super rich” personalities on the show, alongside influencer Yoo Hee-ra, Iraq-born YouTuber and influencer Noor Naim and Italian Teodoro Marani, whose father is the chief executive and designer behind the luxury fashion label Henry Beguelin.
Over the past two weeks, Yong, the chief executive officer of multinational Evergreen Group Holdings, has had several court dates in Singapore over four charges related to falsifying tax claims while being an officer of Evergreen GH, one of the companies under Evergreen Group Holdings.
Dressed in a red polo shirt, a bearded Yong appeared on video-link from his place of remand. He has been in remand since August 3.
The judge allowed the prosecution’s request to set the bail at S$1 million with additional conditions of electronic tagging, a curfew from 10pm to 6am and weekly meetings with his investigation officer.
According to court documents that referred to Yong as Yong Khung Lin, between October 2022 and February 2023, Yong is accused of abetting a Thung Sai Fun to falsify papers belonging to Evergreen GH by instigating Thung to falsify line items in Evergreen Assets Management’s financial statements for the financial year ending March 31, 2022. This resulted in a reported profit before tax of S$7,984,266.