China communist is skinning Robert Kouk, Lee Kuan Yew childhood friend, in China

[Boonsiong]

https://www.sinchew.com.my/?p=7054978

 

[Boonsiong]

SINGAPORE - A subsidiary of Wilmar International has been found guilty of contract fraud by a Chinese court and ordered to jointly bear losses amounting to 1.88 billion yuan (S$345 million).
The unit was sued by the public prosecutor in January 2024 as an “accomplice” in contract fraud related to palm oil trades between state-owned enterprise Anhui Huawen and a privately owned counterparty, Yunnan Huijia Import & Export. The alleged fraud led to a 5.2 billion yuan loss for Anhui Huawen.
The judgment was handed down on Nov 19 by the Intermediate People’s Court of Huaibei City against Guangzhou Yihai, a subsidiary of Wilmar’s Shenzhen-listed arm, Yihai Kerry Arawana (YKA). YKA is 89.99 per cent owned by Wilmar.

 

[Boonsiong]

Very soon Temasek SVP in China will be arrested and put in jail

 

[Boonsiong]

Additionally, a former general manager of Guangzhou Yihai, Liu Degang, was sentenced to 19 years’ imprisonment and fined 2.8 million yuan. He was found guilty of contract fraud and bribery by a non-state employee, and the court ordered his illicit gains confiscated.

 

[Boonsiong]

‘My uncle Robert Kuok would expel me’ if true: Kuok Khoon Hong, rejecting conviction of Wilmar’s China unit
Shocked by the judgment, Kuok Khoon Hong says if he had done such a thing, his uncle would expel him from the family

 

[syed putra]

I think indonesia caught them first by violating export law and not keeping aside a certain percentage of palm oil for local usage.

 

[superpower]

These are crooks long protected by Singapore's refusal to sign an extradition treaty with Indonesia. Justice has prevailed.

 

[syed putra]

These are crooks long protected by Singapore's refusal to sign an extradition treaty with Indonesia. Justice has prevailed.

Thats because a huge amount of indonesian wealth lies in singkie banks. Egatever indobesua exported, just the operating cost gets remitted back .

 

[laksaboy]

Told you all long ago to run road and take as much out of Tiongland asap.

The smarter Tiongs have done that. Li Ka Shing had the foresight to do that.

When Tiongland becomes really broke all the rich towkay types will be on their hitlist. Communist put on business suit and talk trade is still a communist.

 

[Eisenhut]

May they arrest Familee too

 

[Papsmearer]

I don't think Kuok was old fart's childhood friend

 

[syed putra]

I hope they build a bridge to sumatra from tuas under one belt one road.

 

[congo9]

Told you all long ago to run road and take as much out of Tiongland asap.

The smarter Tiongs have done that. Li Ka Shing had the foresight to do that.

When Tiongland becomes really broke all the rich towkay types will be on their hitlist. Communist put on business suit and talk trade is still a communist.

They are still communist..

 

[syed putra]

I don't think Kuok was old fart's childhood friend

Kuok was doing business in china since the 1970's. From his sugar and flour trade in malaya, he replicate same trade in china, eventually including palm oil.

 

[Liquigas]

I don't think Kuok was old fart's childhood friend

They were at Raffles College together.

 

[mojito]

Lose ur skin. Last longer.

 

[Pinkieslut]

Why worry for Robert Kuok? He familee has enough wealth to jiak for the next 3 generations.

 

[Eisenhut]

Just like they did to Suzhou Industrial Park

 

[Boonsiong]

They will pay millions to George Yeo to mend the relationship with China communist

 

[Boonsiong]

They will pay millions to George Yeo to mend the relationship with China communist