Wilson Tan Kheng Yeow, the former CEO of KTL Global, has been slapped with two charges of cheating the company’s own subsidiary of some $1.5 million. The alleged offences were carried out between 2014 and 2015.

Wilson deceived the subsidiary, KTL Offshore, by representing that a $1.5 million remittance to an associate company was for working capital needs.

Instead, Wilson creamed off $500,000 from that amount to fund trading of KTL Global shares, whose executive chairman and founder is his father, Tan Tock Han.

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