Man admits to unlawfully supplying luxury goods worth nearly $580k to North Korea

SINGAPORE - A director of three companies admitted in a district court on Thursday that he had unlawfully supplied luxury goods worth nearly $580,000 to North Korea.Chong Hock Yen heads three locally based firms: SCN Singapore, Sindok Trading - which is now known as BSS Global - and Laurich International, which has been renamed Gunnar Singapore.The 60-year-old Singaporean pleaded guilty to eight counts of engaging in a conspiracy to supply luxury items worth nearly $270,000 to North Korea.

Sindok's charge involved luxury goods worth more than US$10,000 and Laurich's was linked to goods worth US$12,000. Deputy Public Prosecutors Grace Lim, Thiam Jia Min and Charis Low stated in court documents that the companies supplied luxury items to four entities in North Korea from December 2010 to November 2016.

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Source: The Straits Times - 🏆 8. / 63 Read more »