Founder of clinic chain moved Sentosa properties, other assets out of creditors’ reach: Judge
The Straits Times - Singapore·2023-03-29 21:00
SINGAPORE - Aesthetics doctor Goh Seng Heng, who founded the PPP Laser Clinic chain, moved millions in assets to his family members with the intent to defraud his creditors, the High Court ruled on Wednesday.
This included transferring his half-share in a Sentosa house to his wife for $5.25 million, buying a $5.8 million penthouse at the Seascape condominium on Sentosa in his son’s name, and moving $1.87 million to his son’s bank account.
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banban 30/03/2023
The court’s decision means that the assets Dr Goh had placed beyond his creditors’ reach will now be vested with the Official Assignee (OA), a public servant who investigates the affairs of bankrupts and recovers their assets for distribution to creditors.
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Good luck 0716 30/03/2023
Well it is always good to stay healthy as one similarly ordered Ms Goh to sell the unit at The Berth within three months and pay 50 per cent of the proceeds to the OA.
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Useriw46 30/03/2023
So smart
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