Newcastle United Football Club £280 Million Bidder & Former JP Morgan Investment Banker Nelson Loh Received 58 Court Charges for Cheating, Forgery & Money Laundering with Ex-Employee Michael Wong Receiving 12 Charges, Total $51.5 Million of Loans & $48 Million of Properties Transferred, Arrested in Singapore for Forging EY Audited Financial Statements for $13.3 Million Bank Loans
24th January 2024 | Hong Kong
Newcastle United football club bidder & former JP Morgan investment banker Nelson Loh (Co-founder & Director, Novena Global Healthcare Group) and his employee Michael Wong Soon Yuh have both been charged in Singapore court and Nelson Loh receiving 58 court charges for cheating, forgery & money laundering with ex-employee Michael Wong receiving 12 charges, with a total of $51.5 million of loans disbursed and $48 million of properties transferred. In the latest charges, both Nelson Loh & Michael Wong were charged for conspiring to forge audited financial statements of Novena Global Healthcare Group, subsidiary Novena Global Healthcare & Giron, and cheating banks into disbursing loans ranging from $12.7 million to $38.7 million totalling $51.5 million from Maybank, Standard Chartered Bank, Citibank, HSBC, DBS & UOB. Nelson Loh is also charged for transferring properties (benefits from criminal conduct of value $21.6 million and $12.2 million), while Michael Wong is charged for transferring property with value of $14.2 million. In December 2022, both Nelson Loh & Michael Wong were arrested in Singapore for forging EY audited financial statements to obtain $13.3 million (S$18 million) in bank loans to its subsidiary Novena Global Healthcare (Standard Chartered S$15 million, Maybank S$3 million). In the charge, Nelson Loh had used EY electronic signature on Novena Global Healthcare Group financial statement for FY2018 & FY 2019. Both Nelson Loh and Michael Wong Soon Yuh who are Singaporeans, had left Singapore in 2020 and had been issued with warrant of arrest and Interpol Red Notice. EY is one of the big 4 audit firms alongside Deloitte, PwC & KPMG. In 2020, Nelson Loh, his cousin Terence Loh (also former JP Morgan investment banker) and Evangeline Shen (former Morgan Stanley banker) entered into talks to buy Newcastle United football club for £280 million through their investment group Bellagraph Nova Group. More info below:
“ Newcastle United Football Club £280 Million Bidder & Former JP Morgan Investment Banker Nelson Loh Received 58 Court Charges for Cheating, Forgery & Money Laundering with Ex-Employee Michael Wong Receiving 12 Charges, Total $51.5 Million of Loans & $48 Million of Properties Transferred, Arrested in Singapore for Forging EY Audited Financial Statements for $13.3 Million Bank Loans “
Newcastle United Football Club £280 Million Bidder & Former JP Morgan Investment Banker Nelson Loh Arrested in Singapore for Forging EY Audited Financial Statements for $13.3 Million Bank Loans
28th December 2022 – Newcastle United football club bidder & former JP Morgan investment banker Nelson Loh (Co-founder & Director, Novena Global Healthcare Group) and his employee Michael Wong Soon Yuh have both been arrested in Singapore for forging EY audited financial statements to obtain $13.3 million (S$18 million) in bank loans to its subsidiary Novena Global Healthcare (Standard Chartered S$15 million, Maybank S$3 million). In the charge, Nelson Loh had used EY electronic signature on Novena Global Healthcare Group financial statement for FY2018 & FY 2019. Both Nelson Loh and Michael Wong Soon Yuh who are Singaporeans, had left Singapore in 2020 and had been issued with warrant of arrest and Interpol Red Notice. EY is one of the big 4 audit firms alongside Deloitte, PwC & KPMG. In 2020, Nelson Loh, his cousin Terence Loh (also former JP Morgan investment banker) and Evangeline Shen (former Morgan Stanley banker) entered into talks to buy Newcastle United football club for £280 million through their investment group Bellagraph Nova Group. On Bellagraph Nova Group website in 2020, the group had claimed to have more than $12 billion revenue, 23,000 employees and headquarter in Paris (France), but was soon discovered using doctored photos of former United States President Barrack Obama. Soon thereafter, Nereides Antonio Giamundo de Bourbon (Head of Investor Relations), admitted the company had photoshopped pictures to make it look like he had attended a meeting with its executives in Paris.
Bellagraph Nova Group
Nelson and Terence Loh
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