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CEO David Yong Faces 12 Fraud Charges, Pleads Not Guilty

3/17/2026

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Summary

Story summary

David Yong, a Singaporean businessman and CEO of Evergreen Group Holdings, faces 12 new charges.
The charges allege Yong conspired with Thung Sai Fun to defraud by making false entries in Evergreen Assets Management's accounts from 2019 to 2023.
He is accused of allowing his company to issue 16 unlicensed loans totaling about S$1.2 million from 2020 to 2023.
He pleaded not guilty and is out on S$1 million bail.

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Story summary

David Yong, a Singaporean businessman and CEO of Evergreen Group Holdings, faces 12 new charges.
The charges allege Yong conspired with Thung Sai Fun to defraud by making false entries in Evergreen Assets Management's accounts from 2019 to 2023.
He is accused of allowing his company to issue 16 unlicensed loans totaling about S$1.2 million from 2020 to 2023.
He pleaded not guilty and is out on S$1 million bail.