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Glenn Knight
Glenn Jeyasingam Knight (born 1945) is a Singaporean lawyer. He was the first Director of the Commercial Affairs Department (CAD) when it was founded in 1984. He lost his post in 1991 after being convicted of corruption in a much-publicised trial. In 1998, he was again tried and convicted for misappropriating money while in office. Background Knight was a student of Anglo-Chinese School. In the 1990s, he was the vice-chairman of its Old Boys' Association and a member of its board of governors. He obtained his bachelor of laws degree from the National University of Singapore in the 1960s, and played the guitar in a jazz band to raise money for his tuition fees. He joined the Singapore Legal Service in 1970 and rose through the ranks "with the speed and power of an Exocet missile," as Queen's Counsel Roy Allaway later described it. Soon he acquired a reputation for being a law enforcer who prosecuted criminals without fear or favour. News of his ability and integrity impressed t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National University Of Singapore
The National University of Singapore (NUS) is a national public research university in Singapore. Founded in 1905 as the Straits Settlements and Federated Malay States Government Medical School, NUS is the oldest autonomous university in the country. It offers degree programmes in a wide range of disciplines at both the undergraduate and postgraduate levels, including in the sciences, medicine and dentistry, design and environment, law, arts and social sciences, engineering, business, computing, and music. NUS is one of the most highly-ranked academic institutions in the world. It has consistently featured in the top 30 of the Quacquarelli Symonds (QS) World University Rankings and the Times Higher Education (THE) World University Rankings, and in the top 100 of the Academic Ranking of World Universities (ARWU). As of 2022-2023, NUS is 11th worldwide according to QS and 19th worldwide according to THE. NUS's main campus is located in the southwestern part of Singapore, adja ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Contempt Of Court
Contempt of court, often referred to simply as "contempt", is the crime of being disobedient to or disrespectful toward a court of law and its officers in the form of behavior that opposes or defies the authority, justice, and dignity of the court. A similar attitude toward a legislative body is termed contempt of Parliament or contempt of Congress. The verb for "to commit contempt" is contemn (as in "to contemn a court order") and a person guilty of this is a contemnor. There are broadly two categories of contempt: being disrespectful to legal authorities in the courtroom, or willfully failing to obey a court order. Contempt proceedings are especially used to enforce equitable remedies, such as injunctions. In some jurisdictions, the refusal to respond to subpoena, to testify, to fulfill the obligations of a juror, or to provide certain information can constitute contempt of the court. When a court decides that an action constitutes contempt of court, it can issue an order in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Overseas Bank
United Overseas Bank Limited (), often known as UOB, is a Singaporean multinational banking corporation headquartered in Singapore, with branches mostly found in most Southeast Asian countries. Founded in 1935 as United Chinese Bank (UCB) by Sarawak businessman Chew Teck Weng, the bank was set up together with a group of Chinese-born businessmen. The bank is the third largest bank in Southeast Asia by total assets. UOB provides commercial and corporate banking services, personal financial services, private banking and asset management services, as well as corporate finance, venture capital, investment, and Insurance services. It has 68 branches in Singapore and a network of more than 500 offices in 19 countries and territories in Asia Pacific, Western Europe and North America. History On 6 August 1935, businessman Wee Kheng Chiang, together with six other friends, established the bank after raising S$1 million. The bank was named ''United Chinese Bank (UCB)'' to emphasi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insider Trading
Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) based on material, nonpublic information about the company. In various countries, some kinds of trading based on insider information is illegal. This is because it is seen as unfair to other investors who do not have access to the information, as the investor with insider information could potentially make larger profits than a typical investor could make. The rules governing insider trading are complex and vary significantly from country to country. The extent of enforcement also varies from one country to another. The definition of insider in one jurisdiction can be broad, and may cover not only insiders themselves but also any persons related to them, such as brokers, associates, and even family members. A person who becomes aware of non-public information and trades on that basis may be guilty of a crime. Trading by specific insiders, such as employees, is commonl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Richard Hu
Richard Hu Tsu Tau ( zh, s=胡赐道, p=Hú Cìdào; born 30 October 1926) is a Singaporean retired politician who served as Minister for Finance between 1985 and 2001. A member of the governing People's Action Party (PAP), he was the Member of Parliament (MP) for Kreta Ayer SMC between 1984 and 1997 and Kreta Ayer–Tanglin GRC between 1997 and 2001. Early life Hu was born in Singapore Hu Tsai Kuen, a doctor, and Margaret Kwan Fu Shing. He was educated at the Anglo-Chinese School before graduating from the University of California, Berkeley in 1952 with a Bachelor of Science degree in chemistry. He subsequently went on to complete a PhD in chemical engineering at the University of Birmingham. Career Hu joined the Royal Dutch Shell Group of Companies in 1960 and rose to the position of Chairman and Chief Executive of this global company in Singapore between 1977 and 1983. In 1983, Hu became the Managing Director of the Monetary Authority of Singapore (MAS) and the Government ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minister For Finance (Singapore)
The Ministry of Finance (MOF; ms, Kementerian Kewangan; zh, 财政部; ta, நிதி அமைச்சு) is a ministry of the Government of Singapore responsible for managing the fiscal policies and the structure of the economy of Singapore. Responsibilities The authority's main regulatory statutes are Accountants Act, Accounting Standards Partnerships Act, Business Registration Act, Companies Act, Limited Partnerships Act and the Limited Liability Partnerships Act. The MOF ensures that businesses in Singapore are compatible with international standards and practices, in areas such as company law, accounting standards and corporate governance principles. Singapore Budget Every year, the MOF prepares the Singapore Budget and the Minister for Finance presents the Budget to the Parliament before the new financial year begins. The Budget includes the revised Government revenue and expenditure projections for the current financial year as well as the planned governmen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peter Tham
Peter Tham Wing Fai (born in 1948) is a Singaporean stockbroker and the director of Pan-Electric Industries. A failure by him to observe a forward contract agreement that he negotiated with Tan Koon Swan was responsible for the company's collapse in 1985. Background Tham left Singapore in 1984, before Pan-El collapsed. In April 1986, he was traced to Seattle in the United States by FBI officials. He flew to Tokyo, from where he was extradited back to Singapore, immediately arrested, and charged with 26 counts of helping Tan Kok Liang to make "fictitious sharetrading transactions." He was eventually sentenced to a total of 10 years in jail—eight in 1986 for forging Pan-Electric share certificates and two in 1988 for criminal breach of trust. In February 1991, he was declared a bankrupt for owing S$25 million to various parties. Tham was released from jail early, in 1992. He divorced his wife, Joyce Aw, whom he had married in 1973, and married Kok Mei Yee in 1995. In 1998, he w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tan Koon Swan
Tan Sri Dr. Tan Koon Swan (; born 24 September 1940) is a Malaysian political and corporate figure. He was the fifth president of the Malaysian Chinese Association (MCA), a component party of Barisan Nasional (BN) coalition; from November 1985 to September 1986. Personal life Tan was born in Puchong New Village in Selangor on 24 September 1940 to a poor family. He helped out at his parents' hawker stall while still in school. He studied in a missionary school, and after leaving school, he worked as a clerk with Lembaga Lektrik Negara (LLN) while studying part-time to finish his High School Certificate (HSC). He also worked as a laboratory technician with LLN, then moved on to be an investigator of Inland Revenue Board and a tax consultant with Esso. Tan married his first wife, Catherine Chong, who is a paraplegic and has two children with her. He then got together with his second wife, Penny Chang, fathering another three daughters. Tan, after facing many hiccups in lif ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tan Kok Liang
Pan-Electric Industries was a Singapore-based company that specialised in marine salvage work, and had 71 subsidiary companies, including hotel and property interests, with a market capitalization of S$230 million. The company collapsed in December of 1985 due to massive unsettled forward contracts, forcing the Stock Exchange of Singapore (SES) and Kuala Lumpur Stock Exchange (KLSE) to shut down for three days. At its demise, the company had a total debt of S$480 million, and all its shares held by 5,500 shareholders were found to be worthless overnight. As of 2000, it remains the largest corporate collapse in Singapore's history, and the only instance where the SES had to be unexpectedly closed. In the aftermath of the collapse, key people in the company such as Peter Tham, Tan Kok Liang, and Tan Koon Swan were prosecuted and given varying jail sentences. The collapse of the company shook public confidence in the SES, causing prices of stocks to plunge and resulted in the ban ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pan Electric Industries
Pan-Electric Industries was a Singapore-based company that specialised in marine salvage work, and had 71 subsidiary companies, including hotel and property interests, with a market capitalization of S$230 million. The company collapsed in December of 1985 due to massive unsettled forward contracts, forcing the Stock Exchange of Singapore (SES) and Kuala Lumpur Stock Exchange (KLSE) to shut down for three days. At its demise, the company had a total debt of S$480 million, and all its shares held by 5,500 shareholders were found to be worthless overnight. As of 2000, it remains the largest corporate collapse in Singapore's history, and the only instance where the SES had to be unexpectedly closed. In the aftermath of the collapse, key people in the company such as Peter Tham, Tan Kok Liang, and Tan Koon Swan were prosecuted and given varying jail sentences. The collapse of the company shook public confidence in the SES, causing prices of stocks to plunge and resulted in the bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial Affairs Investigation Department
The Commercial Affairs Department (CAD) is a staff department of the Singapore Police Force (SPF). The department was first established in 1984 as the Commercial Crime Department (CCD), it is the white-collar crimes unit of the SPF. History The department was first established in 1984 as the Commercial Crime Department (CCD) with Glenn Knight as its first director. Modern day Background As the white-collar crimes unit of the police force, CAD conducts a variety of inquiries ranging from corporate irregularities such as LionGold and Data Register in 2014, as well as casino-related offences. It also has the right making arrests. Probes High-profile probes conducted by CAD include City Harvest Church founder Kong Hee, former bank relationship manager Vyia Lee Yock Sim who had misappropriated more than US$400,000 from seven high net-worth clients by 2006, China tourist guide Yang Yin with a widow's niece over a legal tussle assets believed to be worth $40 million. In September ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
