Posted on 07/21/2018 7:21:47 PM PDT by 2ndDivisionVet
The Singaporean director of a company accused of illegally supplying luxury items worth millions of dollars, including wines, perfumes and cosmetics, to North Korea was charged in court yesterday, Channel News Asia reports.
Ng Kheng Wah faces 161 charges, including cheating charges and charges of breach of regulations under the United Nations Act. The offenses were allegedly committed between 2010 and 2017.
Ng, director of OCN Singapore and said to be director of sister company T Specialist, had denied last year that he ran high-end retail stores in North Korea.
He also denied stocking them with banned luxury goods.
The multiple charges Ng faces include abetting by engaging in a conspiracy with T Specialist International, along with two people Sherly Muliawan and Li Ik, to supply luxury items to a person in North Korea in 2011.
T Specialist International faces 88 charges and the case will be heard next month.
In one of the 161 charges, Ng was accused of allegedly abetting wholesale trade company T Specialist in supplying perfumes and cosmetics worth more than S$38,000 to a shop in North Korea.
This is a breach of regulations under the United Nations Act, for which Ng can be fined up to S$100,000 and jailed for up to five years.
Ng was also charged with abetting by engaging in a conspiracy with an accomplice Wang Zhi Guo in order to cheat banks including CIMB Bank Berhad and DBS Bank.
One charge involves the issuing of a false invoice for the US$1,825,740 (S$2,497,044) sale of a product "Watari Instant Noodle,'' which led to CIMB Bank Berhad making payment in that amount to another company, Pinnacle Offshore Trading.
For cheating and dishonestly inducing a delivery of property, he can be jailed for up to 10 years and fined.
Ng is out on bail of S$500,000 and will be back in court next month.
If it’s not a bark sandwich or mud fudge, it’s a luxury good for the NORKs.
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