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Man charged with misappropriating S$12 million from wine investment scheme

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Crime News

Singapore Police Force,Wine Investing,Cheating

SINGAPORE: A man who was behind a multi-million dollar wine investment scheme was on Thursday (Aug 8) charged for cheating and related offences.

SINGAPORE: A man who was behind a multi-million dollar wine investment scheme was on Thursday charged for cheating and related offences.

Ko subsequently transferred the money from GML’s overseas bank account to two Singapore bank accounts that were under his control, police said. He also faces three counts of engaging in a conspiracy to commit criminal breach of trust, misappropriating around S$12 million by transferring it to an overseas bank account.

 

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