Tycoon on the run for 20 years faces 38 more charges


A tycoon allegedly linked to an embezzlement case involving over US$51mil over 20 years ago was handed 38 more charges for offences including corruption and theft.

Ng Teck Lee, 59, and his wife, Thor Chwee Hwa, 57, were caught in Malaysia in December 2024 after nearly 20 years on the run.

At the time of his alleged offen­ces, Ng was the chief executive of Citiraya Industries, a company in the business of recycling elec­tronic waste for computer chip manufacturers.

He allegedly misappropriated and sold uncrushed computer chips between April 2003 and November 2004, receiving more than US$51mil.

The Corrupt Practices Investi­gation Bureau (CPIB) and police said in a joint statement yesterday that Ng, who is no longer the CEO of Citiraya, was charged with offences including graft, criminal breach of trust (CBT), theft, ­cheating, money laundering and falsification of accounts.

He now faces 40 charges in total, after he was earlier charged with other counts of CBT and graft.

For his latest charges, Ng is accused of giving bribes totalling US$35,000 to three individuals on multiple occasions between March 2003 and April 2004.

Among other things, he allegedly gave a bribe of S$20,000 to a surplus asset organisation manager of another company.

The bribe was purportedly a reward for showing favour to Citiraya by helping it secure a recycling contract with the firm.

Ng is also accused of instigating his brother to give bribes totalling more than S$2mil to seven individuals between November 2003 and December 2004.

In addition, Ng allegedly misappropriated more than 89,000kg of electronic chips entrusted to him between 2003 and 2004.

CPIB and the police said Ng had been entrusted with electronic scrap from two companies, and the scrap weighed more than 113,000kg in total.

“(Ng) allegedly committed CBT by dishonestly disposing these electronic scraps in violation of the contract that Citiraya UK... had with the two companies,” said the two agencies.

“Ng instructed certain emplo­yees of Citiraya not to crush these electronic scraps, and to repackage and export them.”

On May 8, Thor, Ng’s wife, was sentenced to a year and 10 months’ jail after she admitted to opening a bank account used to receive ill-gotten gains totalling more than US$1.1mil.

Court documents stated that on Jan 21, 2005, Thor met CPIB officers to assist with investigations.

She was questioned about Ng’s activities and informed that there was an ongoing investigation involving him. She was released unconditionally later that day.

But a week later, she left Singapore and met Ng overseas.

The couple resided in China, where they posed as Indonesian nationals.

With their false identities, the couple applied to live in Malaysia under the Malaysia My Second Home programme, using a residence initially owned by Thor’s brother.

The Malaysian Anti-Corruption Commission arrested the pair in Johor Baru on Dec 3, 2024, and they were sent back to Singapore later that day. — The Straits Times/ANN

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