Read the full judgment text of DCCC 000931/2007 on BabelCite. This District Court judgment was delivered on 9 February 2009.
1. This case involves a highly sophisticated, well-planned and well thought out fraud committed by a syndicate to obtain loans from various local banks. The syndicate set up three companies, namely Yuan Chien, Orient Power and Mason as fronts to be used as vehicles for obtaining credit facility from the banks.