Former Singapore Private Banker & Son of Ex-CapitaLand CEO Karl Liew Sentenced to 2 Weeks Jail for Lying to Judge for Family Maid Theft Case with Prosecution Proposing Fine of S$5,000 But Judge Ruled the False Information Warrants a Jail Sentence, Found Guilty of False Representations of China Investments in 2018 & Liable to Pay S$6.5 Million to Former Client
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Former Singapore Private Banker & Son of Ex-CapitaLand CEO Karl Liew Sentenced to 2 Weeks Jail for Lying to Judge for Family Maid Theft Case with Prosecution Proposing Fine of S$5,000 But Judge Ruled the False Information Warrants a Jail Sentence, Found Guilty of False Representations of China Investments in 2018 & Liable to Pay S$6.5 Million to Former Client
15th April 2023 | Hong Kong
Former Singapore private banker and son of ex-CapitaLand CEO (Liew Mun Leong) Karl Liew had been sentenced to 2 weeks jail for lying to a Singapore judge for a family maid theft case, with prosecution proposing a fine of S$5,000 but the Singapore judge (District Judge Eugene Teo) ruled the false information provided by Karl Liew warrants a jail sentence.In 2018, Karl Liew was found guilty of false representations (as a fund manager) of China investments and liable to pay S$6.5 million to his former client (Zhou).Singapore Judicial Commissioner Audrey Lim ruled that the client relied on Karl Liew representations as his fund manager, and gained from fees earned from the investments.The investment arrangement had personal guarantees, which Karl Liew had challenged.A court default judgment to pay the S$6.5 million (S$6 million principal & S$500k interests) was given on Realm Capital (British Virgin Islands company), which is set up by Karl Liew.Karl Liew is suffering from Parkinson’s disease, and Singapore District Judge Eugene Teo had received a letter from the Singapore Prisons Service that the prison can accommodate his medical condition.Miss Parti Liyani, an Indonesian maid working in Singapore for the Liew family between 2007 to 2016, was accused of stealing items.She was convicted of theft in 2019 and sentenced to 2 years & 2 months of jail.In 2020, she was released after an appeal, with the Singapore court (Justice Chan Seng Onn) finding inconsistencies in the police investigation and evidence provided by the Liew family.Liew Mun Leong, father of Karl Liew, is one of Singapore’s top executive, including as CEO of CapitaLand (one of Asia’s largest developer) for 16 years from 1996 to 2012. In 2007, Liew Mun Leong was reported to receive S$20.52 million in bonus for leading CapitaLand to a record profit of S$2.76 billion. In 2020, Liew Mun Leong stepped down from Changi Airport Group, Surbana Jurong, Temasek Foundation, and Temasek International.
“ Former Singapore Private Banker & Son of Ex-CapitaLand CEO Karl Liew Sentenced to 2 Weeks Jail for Lying to Judge for Family Maid Theft Case with Prosecution Proposing Fine of S$5,000 But Judge Ruled the False Information Warrants a Jail Sentence, Found Guilty of False Representations of China Investments in 2018 & Liable to Pay S$6.5 Million to Former Client “
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Found Guilty of False Representations of China Investments in 2018 & Liable to Pay S$6.5 Million to Former Client
Singapore | Leading financial centre in Asia
In 2018, Karl Liew was found guilty of false representations (as a fund manager) of China investments and liable to pay S$6.5 million to his former client (Zhou).
Singapore Judicial Commissioner Audrey Lim ruled that the client relied on Karl Liew representations as his fund manager, and gained from fees earned from the investments.The investment arrangement had personal guarantees, which Karl Liew had challenged.A court default judgment to pay the S$6.5 million (S$6 million principal & S$500k interests) was given on Realm Capital (British Virgin Islands company), which is set up by Karl Liew.
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