Ex-lawyer on trial for cheating director of over $8 million company

SINGAPORE — A former lawyer is on trial for allegedly tricking a director of two companies into transferring more than $8 million to his own company as part of a deal to buy a foreign bank.

Next, Feng, 40, faces a total of 16 charges, including eight charges of cheating involving Mr. Andrew Ling Hui, the director of Providence Asset Management and 5 and 2.

Next, he also faces forgery and other charges under the Corruption, Drug Trafficking and Other Serious Crimes (Forfeiture of Benefits) Act.

The Singaporean was ordered by the Singapore International Commercial Court to pay US$5.27 million (S$7.29 million) and $1.22 million in damages to Mr. Ling on November 9 last year.

In her opening statement on Wednesday, May 4, Assistant Prosecutor Tan Pei Wei said Then had worked for Walkers (Singapore), a subsidiary of international law firm Walkers, since September 2011.

In May 2015, Walkers launched an entity named Walkers Professional Services in the Cayman Islands where it is headquartered.

On June 30 of that year, Then incorporated a different but similarly named company in the British Virgin Islands without Walkers’ knowledge, DPP Tan said, adding that while his wife was the sole director and shareholder of company, Then had full control over his bank. accounts in Singapore.

In April 2018, Then and Mr. Ling agreed to buy a foreign bank together.

DPP Tan said: “(Then) falsely told Andrew that Walkers would provide escrow services for the transaction, and therefore the funds provided for the acquisition would be held in a bank account controlled by Walkers.”

Mr. Ling then delivered or caused to be delivered to his investors $5.57 million and $1.8 million to Then or his company, on his instructions and based on his representation, the prosecution said.

DPP Tan said Then drafted four documents related to those transactions, affixed the Walkers logo to them, and provided them to Mr. Ling.

She added that after the money was transferred to her company’s bank accounts, Then transferred various sums for various purposes unrelated to the alleged acquisition of the bank.