KUALA LUMPUR, Aug 15 — “‘ Annyeonghaseyo, David Yong-ibnida ’ (Hello, I’m David Yong). I’m Singapore’s top 1 per cent super rich,” are the opening lines of his segment on the Netflix reality show Super Rich In Korea . However, the 37-year-old Singaporean businessman and reality star, whose full name is Yong Khung Lin, has been handed his fourth falsification of accounts charge in Singapore today, according to the Straits Times .
Yong, also known for his investments in the K-pop industry, was offered bail of S$1 million (RM3.3 million) today, with conditions including a curfew, regular reporting to an investigation officer, surrendering his travel documents, and wearing an electronic tag. Yong, who is the chief executive of Evergreen Group Holdings, appeared in court via video-link on August 15 over allegations of falsifying papers belonging to Evergreen GH, formerly known as Evergreen Assets Management.
He is accused of instigating Thung Sai Fun to falsify line items in Evergreen Assets Management’s financial statements for the financial year ended March 31, 2022, resulting in a reported profit before tax of nearly S$8 million (RM26 million). The businessman was arrested on August 1 and faced his first charge two days later over allegations of abetting Jolene Low Mong Han to falsify papers belonging to Evergreen GH. Court documents state Yong instigated Low on or around December 16, 2021, to falsify a tax invoice dated September 1, 2021, from Evergreen Asset.