Former Sakae Holdings director guilty of misappropriating S$15.8 million, lying in High Court

Business

Sentencing has been adjourned for Ong Siew Kwee and two associates, Ho Yew Kong and Chua Wei Tat, who were convicted in the case involving Bugis Cube. SINGAPORE: Former director of Sakae Holdings Ong Siew Kwee was on Friday (May 8) found guilty in a scheme that led to the fraudulent transfer of S$15.8 million (US$12.5 million) from a joint venture linked to the Bugis Cube development. Ong, 55, also known as Andy, was convicted on one count each of abetting forgery, criminal breach of trust and