Ex-guide in tussle over widow's $40m assets charged with falsifying company's accounts, Latest Others News - The New Paper

Ex-guide in tussle over widow's $40m assets charged with falsifying company's accounts

This article is more than 12 months old

Former China tour guide Yang Yin was charged in court on Friday for falsifying the accounts of his company.

This is the latest drama involving Yang, who is embroiled in a legal tussle over the about $40 million worth of assets of 87-year-old widow Madam Chung Khin Chun.

Yang, 40, was slapped with 11 charges for falsifying the accounts Young Music and Dance Studio between 2009 and 2014.

He allegedly created receipts for payments which did not exist.

If found guilty, he can be jailed for up to 10 years and/or fined.

Brief history of tussle over $40m assets

Yang befriends Madam Chung while acting as her personal guide on a trip to Beijing

Yang starts living with Madam Chung at her $30m bungalow off Yio Chu Kang Road
He sets up Young Music and Dance Studio with her and obtains an Employment Pass

Yang becomes a Singapore permanent resident

Madam Chung grants Yang a Lasting Power of Attorney (LPA), which gives him say over her financial assets

Yang's wife and two children, now aged two and eight, move into Madam Chung's bungalow

Madam Chung's niece Madam Hedy Mok, 60, sues Yang and his wife for allegedly manipulating her aunt
Yang's wife Weng Yandan returns to China
Yang is arrested for suspected criminal breach of trust
Court issues a temporary suspension of Yang's legal powers