SINGAPORE - A veteran lawyer was fined $50,000 on Wednesday for breaching rules that were put in place to safeguard monies held by law firms on behalf of the parties of property transactions.
Mr Singh then released the $100,000 to the sellers, a family of three who were facing bankruptcy proceedings. This was rejected by a disciplinary tribunal in January , which said it was clear the money was paid towards the purchase price and hence, defined as conveyancing money.
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