On 24 January 2024, Loh Ne-Loon, Nelson, (“Nelson Loh”), a former director of Novena Global Healthcare Group (“NGHG”), was charged in court with 58 counts of cheating, forgery, and money laundering offences. A former employee of NGHG, Wong Soon Yuh (“Michael Wong”), was also charged in court with 12 counts of similar offences.
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Holding charges in relation to the forged audited financial statements of NGHG were previously tendered against the duo on 26 December 2022.
The details of all charges faced by the two accused persons are listed below:
| Accused Person/s | Charges |
| Nelson LohMichael Wong | Three counts of engaging in a conspiracy to forge the audited financial statements of NGHG, Novena Global Healthcare Pte Ltd (“NGHPL”) and Giron Pte Ltd. |
| Nelson Loh | Two counts of forging other audited financial statements of NGHG and NGHPL. |
| Nelson LohMichael Wong | Seven counts of engaging in a conspiracy to cheat six banks into disbursing loans of approximately SGD $51.9 million and USD $12.7 million. |
| Nelson Loh | 48 counts of transferring property which represents benefits from criminal conduct amounting to approximately SGD $29 million and USD $12.2 million. |
| Michael Wong | Four counts of transferring property which represents benefits from criminal conduct amounting to SGD $19 million. |
If convicted, the accused persons may face the following punishments:
- For each charge of forgery or engaging in a conspiracy to forge under Section 465 of the Penal Code, imprisonment for a term which may extend to 4 years and/or fine;
- For each charge of engaging in a conspiracy to cheat under Section 420 of the Penal Code, imprisonment for a term which may extend to 10 years and a possible fine; and
- For each charge of money laundering under Section 47(1)(b) and 47(2)(b) of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act, imprisonment which may extend up to 10 years, and/or fine of up to $500,000.