Singaporean businessman David Yong has been charged with falsification of accounts in relation to a promissory note arrangement involving Evergreen Group Holdings. The 37-year-old chief executive of Evergreen Group Holdings, whose full name is Yong Khung Lin, was arrested...
Singaporean businessman David Yong has been charged with falsification of accounts in relation to a promissory note arrangement involving Evergreen Group Holdings.
If convicted, Yong could be fined, or jailed for up to 10 years, or both, under Section 477A of the Penal Code.The Accounting and Corporate Regulatory Authority record showed Yong as the sole shareholder of Evergreen GH, which was incorporated in 2018. He ceased to be a director of the firm in December 2023.
It noted that Evergreen Group Holdings includes Evergreen Grp Holdings, Evergreen GH, Everventures and other companies. Besides Yong, another 37-year-old man, who is part of Evergreen Group Holdings’ management, was arrested on Aug 1. In one scene, Yong was seen alighting from a private jet, carrying a Hermes bag. It also showed viewers his house and cars in Singapore.
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