Fugitive Singapore tycoon held in embezzlement case was mastermind behind scrap syndicate


Ng Teck Lee faces one charge for criminal breach of trust. - BT FILE

SINGAPORE: The rogue Singapore tycoon, who was arrested in Malaysia on Dec 3 after being on the run for 19 years over an embezzlement case involving more than US$51 million, was the mastermind behind a syndicate that sold scraps that were repackaged and sold as new products.

Ng Teck Lee, 58, who was arrested together with his wife in Johor Baru, was the chief executive officer and president of then listed recycling firm Citiraya Industries.

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Singapore , tycoon , arrest , scrap , Ng Teck Lee

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