Fined for N. Korea dealings

A businessman on the United States’ FBI most-wanted list for allegedly laundering millions of dollars for North Korea was fined S$210,000 (RM65,000) in a Singapore district court over offences linked to that country.

Tan Wee Beng, now 44, who is the Singaporean managing director and shareholder of commodity trading firm Wee Tiong here, pleaded guilty to seven counts of falsifying invoices to hide his business dealings with North Korea from two Singapore banks. Another 13 similar charges were taken into consideration for sentencing.