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Ex-CEO of Singapore Listed-Recycling Firm Citiraya Industries Ng Teck Lee Age 58 & Wife Thor Chwee Hwa Age 55 Arrested in Malaysia on 3rd December 2024 after 19 Years for $53 Million Embezzlement by Selling Products Overseas Instead of Recovering Precious Metals from Scrap Materials, Both Fled Singapore in 2005 after Corrupt Practices Investigation Bureau (CPIB) Started Investigations, Citiraya Industries was Renamed as Centillion Environment & Recycling in 2006 and Later Merged with United States Firm & Renamed Metech International in 2012
4th December 2024 | Hong Kong
The ex-CEO of Singapore listed-recycling firm Citiraya Industries Ng Teck Lee (Age 58) & his wife Thor Chwee Hwa (Age 55) had been arrested in Malaysia on 3rd December 2024 (Malaysian Anti-Corruption Commission) after 19 years for $53 million embezzlement ($72 million) by selling products overseas instead of recovering precious metals from scrap materials. Both had fled Singapore in 2005 after the Singapore Corrupt Practices Investigation Bureau (CPIB) started investigations. Citiraya Industries was renamed as Centillion Environment & Recycling in 2006, and later merged with a United States firm & renamed as Metech International in 2012.
“ Ex-CEO of Singapore Listed-Recycling Firm Citiraya Industries Ng Teck Lee Age 58 & Wife Thor Chwee Hwa Age 55 Arrested in Malaysia on 3rd December 2024 after 19 Years for $53 Million Embezzlement by Selling Products Overseas Instead of Recovering Precious Metals from Scrap Materials, Both Fled Singapore in 2005 after Corrupt Practices Investigation Bureau (CPIB) Started Investigations, Citiraya Industries was Renamed as Centillion Environment & Recycling in 2006 and Later Merged with United States Firm & Renamed Metech International in 2012 “
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Ex-CEO of Singapore Listed-Recycling Firm Citiraya Industries Ng Teck Lee Age 58 & Wife Thor Chwee Hwa Age 55 Arrested in Malaysia on 3rd December 2024 after 19 Years for $53 Million Embezzlement by Selling Products Overseas Instead of Recovering Precious Metals from Scrap Materials, Both Fled Singapore in 2005 after Corrupt Practices Investigation Bureau (CPIB) Started Investigations, Citiraya Industries was Renamed as Centillion Environment & Recycling in 2006 and Later Merged with United States Firm & Renamed Metech International in 2012
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