Singapore PR from China arrested for embezzling $18 million dollars of public funds
Posted by temasektimes on August 26, 2012
A Singapore PR from China Chen Huabo was arrested in Singapore for embezzling $18 million dollars of public funds during his stint as a financial officer from 2006 to 2011 in Panyang county, Jiangxi province in China.
The 50 year old Chen left China for Canada with his family in 2011 from which he came to Singapore to start an investment firm. He was granted Singapore PR in less than a year.
His assets in Singapore have since been frozen. The case will be heard again in September this year.