Lawyer fined S$10,000 for failing to flag suspicious Sentosa Cove property transaction

SINGAPORE: Conveyancing lawyer Kang Bee Leng was fined S$10,000 on Tuesday (Apr 17) for failing to flag to the authorities a suspicious transaction involving more than S$5 million by a Chinese tycoon to buy property in Sentosa Cove. This was despite her suspicion that the money was linked to a multi-billion dollar Ponzi scheme in China after reading reports of her client’s arrest. Kang, the 56-year-old managing director of Sterling Law Corporation, pleaded guilty to the charge on Tuesday morning. She could have been fined up to S$20,000. A property…

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