Singapore News

News from Singapore

David Rasif’s legal troubles piling up

Posted by jtsmyth8 on January 28, 2008

The high Court on Monday issued a warrant of arrest against a friend of David Rasif who had helped the fugitive lawyer move $985,000 to Vietnam.The development came at the end of a hearing into a multi-million dollar civil suit brought by an American couple to recover some of the $10.7 million they had entrusted to Rasif’s firm to buy a house.

Rasif, last seen in Bangkok in June 2006, is a wanted man after absconding with $12 million in clients’ funds.

The defendants include a high-end jewellery store where Rasif went on a $2 million shopping spree as well as pub owner Freddy Lim Soon Kiang, his long-time friend. When the trial began in June last year, the court heard that Mr Lim had opened a bank account in Ho Chi Minh City.

He helped Rasif move US$620,000 – the equivalent of S$985,180 at the time – from the clients’ account of his law firm to the Vietnam account. (story)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: