‘Super Rich’ star David Yong hit with 12 new fraud charges in Singapore

2026.03.16 14:20 David Yong speaks at an event promoting “Super Rich in Korea”. Photo: Instagram/dynimm Singaporean businessman David Yong was given 12 new charges on Monday for conspiring to make false entries in accounts and for his company’s illegal issuing of loans amounting to more than S$1 million (US$780,000). The 38-year-old, whose name in court papers was indicated as Yong Khung Lin, pleaded not guilty in court. The chief executive officer of multinational business and holding company Evergreen Group Holdings, who is on bail of S$1 million, said he would contest all charges. The new charges are mainly for abetting by conspiring with a Thung Sai Fun with the intent to defraud. False entries were allegedly made in accounts belonging to Evergreen Assets Management from end-2019 to end-2023. The alleged false entries range from statements about Evergreen Assets Management’s total comprehensive income, revenues and dividends on ordinary shares for certain years. David Yong appears in a “Super Rich in Korea” promotion image. Photo: Instagram/dynimm The company allegedly carried out a business of moneylending without a licence by issuing 16 loans amounting to about S$1.2 million between 2020 and 2023. As a director of a company, Yong is accused of giving consent for these moneylending offences to be committed. Yong has been in and out of court since August 2024, when he was first charged. Since then, he has had fresh charges levied against him in multiple court appearances. He has also come to court for permission to leave the country. He now faces a total of 17 charges. His case is scheduled for a pre-trial conference in May. Yong is represented by Melanie Ho, Neo Yi Ling and Tang Shangwei from Wong Partnership. If convicted of abetment of falsification of papers as an officer of a company, Yong could be jailed for up to 10 years, fined, or both per charge. If found guilty of the moneylending offences, he could be jailed for up to four years, fined between S$30,0

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