Founder of clinic chain moved Sentosa properties, other assets out of creditors’ reach: Judge

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.

……

Read full article on The Straits Times - Singapore

Singapore