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Yang Yin thread: "Money, I love you!"
- Thread starter samstom
- Start date
Re: Yang yin saga: Wealthy widow to sell her bungalow as she has no money left
杨寅妻指富婆糊涂 外甥女回呛：阿姨很聪明
富婆新遗嘱昨天被判有效，杨寅分文未得，杨妻指富婆“糊涂”，富婆外甥女今早回呛“阿姨很聪明！”，并指杨妻说辞“显示她和丈夫一样贪婪”。
中国籍前导游杨寅被指侵占富婆钟庆春4000万元财产一案，昨天取得突破性进展，家事法院裁决富婆立下的新遗嘱有效，杨寅不再是受益人，一分钱都得不到。
新遗嘱内容是过世后50万元留给挚友张碧贞，另50万元交给姐姐钟燕铃，余款存入信托基金作慈善用途。
http://news.omy.sg/News/Local-News/story20150407-337840
杨寅妻指富婆糊涂 外甥女回呛：阿姨很聪明
富婆新遗嘱昨天被判有效，杨寅分文未得，杨妻指富婆“糊涂”，富婆外甥女今早回呛“阿姨很聪明！”，并指杨妻说辞“显示她和丈夫一样贪婪”。
中国籍前导游杨寅被指侵占富婆钟庆春4000万元财产一案，昨天取得突破性进展，家事法院裁决富婆立下的新遗嘱有效，杨寅不再是受益人，一分钱都得不到。
新遗嘱内容是过世后50万元留给挚友张碧贞，另50万元交给姐姐钟燕铃，余款存入信托基金作慈善用途。
http://news.omy.sg/News/Local-News/story20150407-337840
杨寅被拒月领万二 获准10万保单付律师费
无法从银行户头每月提领1万2000元，高庭批准杨寅售出两份人寿保险，让他套现9万8000元打官司！
去年8月5日，富婆钟庆春的外甥女莫翠玲（61岁）成功申请到全球资产禁制令，冻结中国籍前导游杨寅（40岁）资产。不过，根据庭令，杨寅每周获准用1500元作为日常开支，另1500元作为法律咨询事项。
杨寅因为至今没能从他的三个本地银行户头索取这笔费用，因此通过律师梁旺伍向高庭提出申请，要求法官允许银行发放这笔钱。高庭法官朱迪柏拉卡斯今早驳回这项申请。
http://news.omy.sg/News/Local-News/story20150413-339216
无法从银行户头每月提领1万2000元，高庭批准杨寅售出两份人寿保险，让他套现9万8000元打官司！
去年8月5日，富婆钟庆春的外甥女莫翠玲（61岁）成功申请到全球资产禁制令，冻结中国籍前导游杨寅（40岁）资产。不过，根据庭令，杨寅每周获准用1500元作为日常开支，另1500元作为法律咨询事项。
杨寅因为至今没能从他的三个本地银行户头索取这笔费用，因此通过律师梁旺伍向高庭提出申请，要求法官允许银行发放这笔钱。高庭法官朱迪柏拉卡斯今早驳回这项申请。
http://news.omy.sg/News/Local-News/story20150413-339216
Re: Yang yin saga: Wealthy widow to sell her bungalow as she has no money left
Tussle over widow's assets: Former China tour guide Yang Yin gets approval to liquidate insurance policies to pay for fees, costs
Published on Apr 13, 2015 2:25 PM
Mr Yang Yin in a police car on Nov 5, 2014. The former China tour guide has received a $98,000 lifeline to pay for his legal fees and expenses. -- ST PHOTO: KUA CHEE SIONG
By Carolyn Khew
SINGAPORE- Former China tour guide Yang Yin has received a $98,000 lifeline to pay for his legal fees and expenses.
At a High Court hearing on Monday, the court decided that the 41-year-old Chinese national would be able to liquidate two insurance policies worth $98,000 to pay for his legal fees and cost of expenses.
The court would have to approve that amounts before they can be released to Yang, said his lawyer Joseph Liow.
Mr Liow added that both insurance policies are said to be worth $98,000.
The decision comes on the back of an earlier application filed by the 41-year-old who had been seeking to withdraw $12,000 a month from his frozen bank accounts for personal and legal expenses.
That application has since been dismissed by the court, said Mr Peter Doraisamy, the lawyer acting for Madam Hedy Mok, niece of rich widow Madam Chung Khin Chun.
The Singapore permanent resident's assets were frozen in August last year after Madam Mok accused Yang of masterminding control over her aunt's assets, estimated to be worth $40 million, including a $30 million bungalow in Gerald Crescent off Yio Chu Kang Road.
Mr Doraisamy said that they will have two weeks to appeal the decision and that he would be seeking his client's instructions on the matter.
Madam Chung met Yang in 2008, when he was her tour guide in China. The next year, he moved into her bungalow.
In 2010, she made a will leaving him all her assets, including the bungalow. Yang claims the widow, who has no children and whose husband died in 2007, treated him like a grandson.
Two years later, she granted him a Lasting Power of Attorney (LPA) which gave him control over her assets.
Madam Mok has sued Yang for allegedly breaching his duties under the LPA, which was revoked last November. Madam Chung has also made a new will which leaves her fortune to charity. Her niece has filed it with the Family Court and asked the court to execute it on her aunt's behalf.
Besides the civil court cases filed by Madam Mok, Yang who has been in remand since October 31 last year, faces more than 300 criminal charges. The most serious charges are two counts of criminal breach of trust for allegedly misappropriating $1.1 million from Madam Chung.
[email protected]
Tussle over widow's assets: Former China tour guide Yang Yin gets approval to liquidate insurance policies to pay for fees, costs
Published on Apr 13, 2015 2:25 PM
Mr Yang Yin in a police car on Nov 5, 2014. The former China tour guide has received a $98,000 lifeline to pay for his legal fees and expenses. -- ST PHOTO: KUA CHEE SIONG
By Carolyn Khew
SINGAPORE- Former China tour guide Yang Yin has received a $98,000 lifeline to pay for his legal fees and expenses.
At a High Court hearing on Monday, the court decided that the 41-year-old Chinese national would be able to liquidate two insurance policies worth $98,000 to pay for his legal fees and cost of expenses.
The court would have to approve that amounts before they can be released to Yang, said his lawyer Joseph Liow.
Mr Liow added that both insurance policies are said to be worth $98,000.
The decision comes on the back of an earlier application filed by the 41-year-old who had been seeking to withdraw $12,000 a month from his frozen bank accounts for personal and legal expenses.
That application has since been dismissed by the court, said Mr Peter Doraisamy, the lawyer acting for Madam Hedy Mok, niece of rich widow Madam Chung Khin Chun.
The Singapore permanent resident's assets were frozen in August last year after Madam Mok accused Yang of masterminding control over her aunt's assets, estimated to be worth $40 million, including a $30 million bungalow in Gerald Crescent off Yio Chu Kang Road.
Mr Doraisamy said that they will have two weeks to appeal the decision and that he would be seeking his client's instructions on the matter.
Madam Chung met Yang in 2008, when he was her tour guide in China. The next year, he moved into her bungalow.
In 2010, she made a will leaving him all her assets, including the bungalow. Yang claims the widow, who has no children and whose husband died in 2007, treated him like a grandson.
Two years later, she granted him a Lasting Power of Attorney (LPA) which gave him control over her assets.
Madam Mok has sued Yang for allegedly breaching his duties under the LPA, which was revoked last November. Madam Chung has also made a new will which leaves her fortune to charity. Her niece has filed it with the Family Court and asked the court to execute it on her aunt's behalf.
Besides the civil court cases filed by Madam Mok, Yang who has been in remand since October 31 last year, faces more than 300 criminal charges. The most serious charges are two counts of criminal breach of trust for allegedly misappropriating $1.1 million from Madam Chung.
[email protected]
Re: Yang yin saga: Wealthy widow to sell her bungalow as she has no money left
Tussle over widow's assets: Former China tour guide Yang Yin appeals to regain control of assets
Published on Apr 17, 2015 9:30 AM
Former China tour guide Yang Yin leaving the Police Cantonment Complex on Sept 18, 2014. Yang is fighting back to regain control of her assets. -- ST PHOTO: WONG KWAI CHOW
From left: Lawyer Peter Doraisamy leaving the family Court with Madam Hedy Mok and Madam Chung Khim Chun on April 17, 2015. -- ST PHOTO: WONG KWAI CHOW
By Carolyn Khew
SINGAPORE - The former China tour guide who is embroiled in the tussle over a wealthy widow's millions is fighting back to regain control of her assets.
In a fresh twist, Yang Yin, 41, has filed a notice of appeal against the court's earlier decision to recognise Madam Chung Khin Chun's new will which leaves most of her assets - estimated to be worth $40 million - to charity.
His lawyer, Mr Daniel Zhu, told The Straits Times on Friday morning that he has taken instructions from his client to file a notice of appeal to the Family Division of the High Court.
The application is currently pending the court's approval, he added.
The new will made by Madam Chung, 88, in December last year is supposed to replace an earlier one made in 2010, in which Yang stood to inherit her assets, including her $30 million Gerald Crescent bungalow.
Yang, who has been in remand since Oct 31 last year, now faces more than 300 charges in total including two criminal breach of trust charges for allegedly misappropriating $1.1 million from the wealthy widow.
Yang had met Madam Chung in 2008 while acting as her private tour guide on a trip to Beijing. A year later, he moved in to live with her in the bungalow, claiming that she wanted him as her "grandson".
Tussle over widow's assets: Former China tour guide Yang Yin appeals to regain control of assets
Published on Apr 17, 2015 9:30 AM
Former China tour guide Yang Yin leaving the Police Cantonment Complex on Sept 18, 2014. Yang is fighting back to regain control of her assets. -- ST PHOTO: WONG KWAI CHOW
From left: Lawyer Peter Doraisamy leaving the family Court with Madam Hedy Mok and Madam Chung Khim Chun on April 17, 2015. -- ST PHOTO: WONG KWAI CHOW
By Carolyn Khew
SINGAPORE - The former China tour guide who is embroiled in the tussle over a wealthy widow's millions is fighting back to regain control of her assets.
In a fresh twist, Yang Yin, 41, has filed a notice of appeal against the court's earlier decision to recognise Madam Chung Khin Chun's new will which leaves most of her assets - estimated to be worth $40 million - to charity.
His lawyer, Mr Daniel Zhu, told The Straits Times on Friday morning that he has taken instructions from his client to file a notice of appeal to the Family Division of the High Court.
The application is currently pending the court's approval, he added.
The new will made by Madam Chung, 88, in December last year is supposed to replace an earlier one made in 2010, in which Yang stood to inherit her assets, including her $30 million Gerald Crescent bungalow.
Yang, who has been in remand since Oct 31 last year, now faces more than 300 charges in total including two criminal breach of trust charges for allegedly misappropriating $1.1 million from the wealthy widow.
Yang had met Madam Chung in 2008 while acting as her private tour guide on a trip to Beijing. A year later, he moved in to live with her in the bungalow, claiming that she wanted him as her "grandson".
Re: Yang yin saga: Wealthy widow to sell her bungalow as she has no money left
Tussle over widow's assets: Niece does not want Yang to liquidate insurance policies
Published on Apr 21, 2015 5:56 PM
Former China tour guide Yang Ying (pictured), accused of manipulating an elder widow into giving him control of her fortune, is facing more legal hurdles, after the widow's niece filed an appeal against a court's earlier decision to allow Yang to liquidate two insurance policies to pay for his legal fees. -- PHOTO: ST FILE
By Carolyn Khew
SINGAPORE - Yang Yin, the former China tour guide accused of manipulating an elder widow into giving him control of her fortune, is facing more legal hurdles.
The wealthy widow's niece, Madam Hedy Mok, has filed an appeal against a court's earlier decision to allow Yang to liquidate two insurance policies to pay for his legal fees. Speaking to reporters after a pre-trial conference at the High Court on Tuesday, Madam Mok's lawyer Andrew Lee said that the appeal was filed last week, and an in-chambers hearing has been scheduled for next month.
This is the latest twist in the tussle over wealthy widow Madam Chung Khin Chun's assets, which is estimated to be worth $40 million.
The 41-year-old Yang had been seeking to withdraw $12,000 a month from his frozen bank accounts for personal and legal expenses. While no order was made on that application, the court decided last Monday that Yang can liquidate two insurance policies worth about $98,000 to pay for his legal fees.
Yang, who has been in remand since Oct 31 last year, also faces more than 300 criminal charges. Two of the charges involve criminal breach of trust charges for allegedly misappropriating $1.1 million from the widow.
Earlier this month, the court recognised a new will made by Madam Chung last year which leaves most of her assets to charity. It replaces a will made in 2010 in which the former tour guide stood to inherit all her assets including her $30 million Gerald Crescent bungalow. Yang is appealing the decision to recognise the new will.
Tussle over widow's assets: Niece does not want Yang to liquidate insurance policies
Published on Apr 21, 2015 5:56 PM
Former China tour guide Yang Ying (pictured), accused of manipulating an elder widow into giving him control of her fortune, is facing more legal hurdles, after the widow's niece filed an appeal against a court's earlier decision to allow Yang to liquidate two insurance policies to pay for his legal fees. -- PHOTO: ST FILE
By Carolyn Khew
SINGAPORE - Yang Yin, the former China tour guide accused of manipulating an elder widow into giving him control of her fortune, is facing more legal hurdles.
The wealthy widow's niece, Madam Hedy Mok, has filed an appeal against a court's earlier decision to allow Yang to liquidate two insurance policies to pay for his legal fees. Speaking to reporters after a pre-trial conference at the High Court on Tuesday, Madam Mok's lawyer Andrew Lee said that the appeal was filed last week, and an in-chambers hearing has been scheduled for next month.
This is the latest twist in the tussle over wealthy widow Madam Chung Khin Chun's assets, which is estimated to be worth $40 million.
The 41-year-old Yang had been seeking to withdraw $12,000 a month from his frozen bank accounts for personal and legal expenses. While no order was made on that application, the court decided last Monday that Yang can liquidate two insurance policies worth about $98,000 to pay for his legal fees.
Yang, who has been in remand since Oct 31 last year, also faces more than 300 criminal charges. Two of the charges involve criminal breach of trust charges for allegedly misappropriating $1.1 million from the widow.
Earlier this month, the court recognised a new will made by Madam Chung last year which leaves most of her assets to charity. It replaces a will made in 2010 in which the former tour guide stood to inherit all her assets including her $30 million Gerald Crescent bungalow. Yang is appealing the decision to recognise the new will.
Re: Yang yin saga: Wealthy widow to sell her bungalow as she has no money left
律师中国发传票 杨寅父母赶走律师
富婆外甥女向杨家发传票揭内情，原来中国律师上周已首次发送传票，可是杨寅父母情绪激动，拒收传票还当场将律师赶走！
中国籍前导游杨寅（41岁）被指侵占富婆钟庆春（88岁）4000万元财产一案引起全城瞩目。
为保住自己财产，富婆除了推翻持久授权书和立新遗嘱，也展开索赔官司，起诉杨寅、杨妻、杨寅父母和女担保人王玉莱。
http://news.omy.sg/News/Local-News/story20150422-341443
律师中国发传票 杨寅父母赶走律师
富婆外甥女向杨家发传票揭内情，原来中国律师上周已首次发送传票，可是杨寅父母情绪激动，拒收传票还当场将律师赶走！
中国籍前导游杨寅（41岁）被指侵占富婆钟庆春（88岁）4000万元财产一案引起全城瞩目。
为保住自己财产，富婆除了推翻持久授权书和立新遗嘱，也展开索赔官司，起诉杨寅、杨妻、杨寅父母和女担保人王玉莱。
http://news.omy.sg/News/Local-News/story20150422-341443
Re: Yang yin saga: Wealthy widow to sell her bungalow as she has no money left
Let this bastard YinYang rot in HELL!!
His wife and father who cheated the poor lady must pay for their crime Bastard PRC shit!!
律师中国发传票 杨寅父母赶走律师
富婆外甥女向杨家发传票揭内情，原来中国律师上周已首次发送传票，可是杨寅父母情绪激动，拒收传票还当场将律师赶走！
中国籍前导游杨寅（41岁）被指侵占富婆钟庆春（88岁）4000万元财产一案引起全城瞩目。
为保住自己财产，富婆除了推翻持久授权书和立新遗嘱，也展开索赔官司，起诉杨寅、杨妻、杨寅父母和女担保人王玉莱。
http://news.omy.sg/News/Local-News/story20150422-341443
Let this bastard YinYang rot in HELL!!
His wife and father who cheated the poor lady must pay for their crime Bastard PRC shit!!
Re: SCCCI lodges police report against Chinese tour guide embroiled in $40m asset tus
Yup the sinkie i believe is her niece. Who the hell would just stand there and do nothing if they know that their relative is giving money to an outsider.
Yup the sinkie i believe is her niece. Who the hell would just stand there and do nothing if they know that their relative is giving money to an outsider.
Re: SCCCI lodges police report against Chinese tour guide embroiled in $40m asset tus
another reminder on the PAP grassroots companies they keep,as they have slightest chance of getting more votes,who cares a out background check,demostrated in YY case, PR can be fast tracked irregardless of your shady characters. its no wonder IDA is picking a thing or two from their bossess.
when more negative disclosure are unearth from IDA pundek backgroud,IDA will do a brompton bike, claiming misled by HR.
another reminder on the PAP grassroots companies they keep,as they have slightest chance of getting more votes,who cares a out background check,demostrated in YY case, PR can be fast tracked irregardless of your shady characters. its no wonder IDA is picking a thing or two from their bossess.
when more negative disclosure are unearth from IDA pundek backgroud,IDA will do a brompton bike, claiming misled by HR.
Re: SCCCI lodges police report against Chinese tour guide embroiled in $40m asset tus
How come that idiotic John Tan and Zero so quiet on this matter??
why don't they come and say something good about Yang Yin the Grass Loot member!
another reminder on the PAP grassroots companies they keep,as they have slightest chance of getting more votes,who cares a out background check,demostrated in YY case, PR can be fast tracked irregardless of your shady characters. its no wonder IDA is picking a thing or two from their bossess.
when more negative disclosure are unearth from IDA pundek backgroud,IDA will do a brompton bike, claiming misled by HR.
How come that idiotic John Tan and Zero so quiet on this matter??
why don't they come and say something good about Yang Yin the Grass Loot member!
Re: SCCCI lodges police report against Chinese tour guide embroiled in $40m asset tus
Mdm Chung could have made better use of her wealth for the greater benefit of Singapore by donating to Roy Ngerng, Amos Yee or TR emeritus etc. Instead she decided to give $4,000 as tips to Yang Yin even though Yang Yin had already been paid for his guide service.
She could even have donated to SBF and received 1000 points as Inf Member.
Who did she vote for ?
Mdm Chung could have made better use of her wealth for the greater benefit of Singapore by donating to Roy Ngerng, Amos Yee or TR emeritus etc. Instead she decided to give $4,000 as tips to Yang Yin even though Yang Yin had already been paid for his guide service.
She could even have donated to SBF and received 1000 points as Inf Member.
Who did she vote for ?
Re: SCCCI lodges police report against Chinese tour guide embroiled in $40m asset tus
Shhhhh!!!!! Do not disturb, one is busy sucking n the other is busy rimming Pinkyloong
Re: SCCCI lodges police report against Chinese tour guide embroiled in $40m asset tus
杨寅不能卖保单付律师费
杨寅被指侵占富婆财产案爆出新转折！商业事务局（CAD）介入调查杨寅资产，指示保险公司不准处理杨寅名下的人寿保单。
高庭原本已在上个月13日，批准中国籍前导游杨寅（41岁）把两份在他名下的人寿保单套现，用来支付律师费和诉讼费用。两份人寿保险套现后，估计可得9万8000元。
富婆钟庆春（87岁）的代理人外甥女莫翠玲（61岁）反对裁决，原因是这些保险是用富婆的钱购买，套现得到的钱，应归属富婆。
于是，外甥女申请上诉，高庭定今早举行内堂聆讯，审理相关申请。
不料，除了外甥女与杨寅的代表律师，控方律师今早10时也出现在高庭，出席内堂聆讯。
内堂聆讯结束后，杨寅的代表律师梁旺伍接受媒体访问时透露，两方代表律师直至近日才得知，因杨寅也面对失信等刑事罪，商业事务局于是根据刑事程序法典（Criminal Procedure Code）中第35节条文，对保险公司发出指示，不准保险公司处理杨寅名下的保单。
http://news.omy.sg/News/Local-News/story20150505-344273
杨寅不能卖保单付律师费
杨寅被指侵占富婆财产案爆出新转折！商业事务局（CAD）介入调查杨寅资产，指示保险公司不准处理杨寅名下的人寿保单。
高庭原本已在上个月13日，批准中国籍前导游杨寅（41岁）把两份在他名下的人寿保单套现，用来支付律师费和诉讼费用。两份人寿保险套现后，估计可得9万8000元。
富婆钟庆春（87岁）的代理人外甥女莫翠玲（61岁）反对裁决，原因是这些保险是用富婆的钱购买，套现得到的钱，应归属富婆。
于是，外甥女申请上诉，高庭定今早举行内堂聆讯，审理相关申请。
不料，除了外甥女与杨寅的代表律师，控方律师今早10时也出现在高庭，出席内堂聆讯。
内堂聆讯结束后，杨寅的代表律师梁旺伍接受媒体访问时透露，两方代表律师直至近日才得知，因杨寅也面对失信等刑事罪，商业事务局于是根据刑事程序法典（Criminal Procedure Code）中第35节条文，对保险公司发出指示，不准保险公司处理杨寅名下的保单。
http://news.omy.sg/News/Local-News/story20150505-344273
Yang Yin has to wait for CAD to release insurance policies he needs to raise cash with
Published on May 5, 2015 4:52 PM
Following the closed-door hearing, Yang's lawyer Joseph Liow said that the CAD had filed an affidavit with the State Courts for the assets to be released. -- PHOTO: ST FILE
By Carolyn Khew And Toh Yong Chuan
SINGAPORE - In a fresh twist, the Commercial Affairs Department (CAD) has provided information in a High Court case involving former China tour guide Yang Yin.
Last month, the High Court allowed Yang to liquidate two life insurance policies worth about $98,000 to pay for his legal fees. But in a closed-door hearing on Tuesday, the CAD told the High Court that it had seized both policies for criminal investigations last year and they cannot be released yet.
Following the closed-door hearing, Yang's lawyer Joseph Liow said that the CAD had filed an affidavit with the State Courts for the assets to be released.
The Attorney-General's Chambers later explained that CAD intended to file a report in the State Courts to release the insurance policies to the person entitled to the possession of the policies. A magistrate's hearing on the matter will be held at a later date.
But even once this is settled in Yang's favour, the 41-year-old still faces another battle to liquidate the policies. Madam Hedy Mok, a 61-year-old tour agency owner, has filed an appeal against the court's earlier decision to allow Yang to liquidate them.
Madam Mok has accused Yang of manipulating her wealthy 88-year-old aunt Chung Khin Chun.
Yang met Madam Chung in 2008 in Beijing when he acted as her private tour guide. A year later, he moved into her bungalow.
In 2012, he was given the right to manage her assets and welfare under the Lasting Power of Attorney (LPA) scheme. But last September, Madam Mok evicted Yang and his family from the bungalow and started a series of proceedings against him.
Two months later, a court revoked the LPA.
Yang now faces more than 300 charges in total, including two criminal breach of trust charges for allegedly misappropriating $1.1 million from the wealthy widow.
He has been in remand since Oct 31 last year.
Source: States Times Review
CAD interfered with Singapore High Court’s approval over PRC Yang Yin’s surrendering of S$98,000 insurance policies
admin / 4 mins ago
The Commercial Affairs Department (CAD) has interfered with the High Court’s approval to allow PRC national Yang Yin surrender his two life insurance policies worth S$98,000.
In April 13 this year, the High Court ruled that the PRC national, who is currently still waiting for trial over cheating an 88 year old Singaporean rich old lady’s S$40 million assets, is allowed to surrender his life insurance policies worth S$98,000. However when Yang Yin tried to do so, the CAD under the Singapore Police Force instructed the insurance company to not authorize the surrender withdrawal.
In a press release issued today, the CAD said that on March 16, 2010, a sum of S$340,000 cash were transferred from the old lady’s account to Yang Yin’s bank account. On the very same day, the two life insurance policies were bought at S$140,000 and S$20,000 respectively from the undisclosed insurance company. The CAD said that they will not allow the transaction unless the Judge allows so in a new application.
40 year old Yang Yin is facing a total of 349 charges of cheating and immigration charges after he tried to con a rich old lady to transfer all her assets to him and using fake degrees to obtain his Singapore Permanent Residence. Yang Yin has transferred a total of S$5 million into his own bank account and S$500,000 to his father in China. The High Court has ruled that he will not get a cents from her assets. The PRC national’s wife is also a wanted fugitive by Singapore but as Singapore has no extradition treaty with China, the woman who is believed to have absconded with a sizeable wealth is still at large in China.
Photo from omy.sg
CAD interfered with Singapore High Court’s approval over PRC Yang Yin’s surrendering of S$98,000 insurance policies
admin / 4 mins ago
The Commercial Affairs Department (CAD) has interfered with the High Court’s approval to allow PRC national Yang Yin surrender his two life insurance policies worth S$98,000.
In April 13 this year, the High Court ruled that the PRC national, who is currently still waiting for trial over cheating an 88 year old Singaporean rich old lady’s S$40 million assets, is allowed to surrender his life insurance policies worth S$98,000. However when Yang Yin tried to do so, the CAD under the Singapore Police Force instructed the insurance company to not authorize the surrender withdrawal.
In a press release issued today, the CAD said that on March 16, 2010, a sum of S$340,000 cash were transferred from the old lady’s account to Yang Yin’s bank account. On the very same day, the two life insurance policies were bought at S$140,000 and S$20,000 respectively from the undisclosed insurance company. The CAD said that they will not allow the transaction unless the Judge allows so in a new application.
40 year old Yang Yin is facing a total of 349 charges of cheating and immigration charges after he tried to con a rich old lady to transfer all her assets to him and using fake degrees to obtain his Singapore Permanent Residence. Yang Yin has transferred a total of S$5 million into his own bank account and S$500,000 to his father in China. The High Court has ruled that he will not get a cents from her assets. The PRC national’s wife is also a wanted fugitive by Singapore but as Singapore has no extradition treaty with China, the woman who is believed to have absconded with a sizeable wealth is still at large in China.
Photo from omy.sg
End of Article
fucking rubbish. I con senile old woman into buying 100k insurance for me. Then when the relatives sue, i liquidate policies to find lawyers. How the fuck did the purchase of said policies not get challenged at all?
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