lawyer jeffrey ong, who fled s’pore after $33m of customer’s money went missing, struck off the roll

singapore – a attorney who fled singapore after $33 million of his patron’s cash that turned into parked in his company went missing has been struck off the rolls.

the court docket of 3 judges ruled on wednesday that former managing partner of jlc advisors, jeffrey ong su aun, ran afoul of numerous of the prison profession (expert conduct) rules by way of appearing dishonestly.

ong’s criminal case remains pending. he presently faces seventy six fees, consisting of for criminal breach of believe, forgery and dishonest – in what the prosecutor in advance known as “the largest sum of money ever misappropriated through a legal professional in singapore”.

it turned into in advance suggested that ong fled singapore and become arrested in a kuala lumpur resort with a stolen malaysian passport of a man who resembled him. he has been in remand on the grounds that june 2019.

on wednesday, ong, forty five, regarded in court thru video hyperlink from changi prison. he became denied bail remaining yr.

while asked if he wanted to say whatever, ong stated he agreed with the law society of singapore (lawsoc) submissions that he should be struck off.

he added: “while there have been underlying reasons and circumstances surrounding the facts, i do not suppose those are relevant for these court cases.”

the court – which comprised leader justice sundaresh menon and justices tay yong kwang and judith prakash – heard that allied technologies agreed to escrow a total sum of $33,153,416.fifty six with ong’s organization.

allied technology, which made a complaint to lawsoc, had an agreement with ong’s organization that the organization changed into to act as an escrow agent to keep the funds till allied technology informed the corporation to release the funds.

a -member disciplinary tribunal document discovered that among october 2017 and may 2019, ong allowed funds to be paid out of the account with out the authorisation of allied technologies.

according to the document, some of the money turned into paid out to asia container workplace, a subsidiary of allied technology, mr lim tah hwa – additionally known as lin tah hwa – who’s a big shareholder of the employer, and platform capital asia.

it become no longer stated why ong made those transactions.

attributable to these transactions, 15 escrow notices to allied technology did now not replicate the true balance of the account between nov 3, 2017 and jan 22, 2019.

while allied technologies made demands for the discharge of the funds from the account, ong misrepresented on several activities that he would be arranging for the discharge of the budget while he had no aim to accomplish that.

it become additionally now not possible to launch the $33,153,416.56 as there had been insufficient finances in the additionally signed and issued a cheque to allied technologies for the full amount, forging the signature of a senior companion at his company, mr vincent lim, and understanding the cheque would soar.

leader justice menon on wednesday mentioned the sum turned into great and agreed with lawsoc’s counsel adam maniam from drew and napier that “the simplest appropriate sanction is to strike (ong) off the roll of solicitors”.

the next hearing for ong’s criminal costs is on friday.

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