Advising multiple private trustees in bankruptcy, in relation to the bankruptcy of Ng Say Pek (founder of Agritrade), involving approximately US$1 billion

Acting for a group of banks in Singapore, who are major creditors of Agritrade International Pte Ltd (“AIPL”).

AIPL committed the fraud by, amongst other methods, (a) printing and producing fake bills of lading to convince the banks that the banks were financing real shipments of palm oil (b) using related offshore companies to act as buyers/sellers of the palm oil so that these illicit trades could go undetected. The total value / quantum of the fraud committed by AIPL was well in excess of US$1 billion.

Partners Lee Eng Beng, SC, Patrick Ang, Toh Kian Sing, SC, Rebecca Chew, Sim Kwan Kiat, Chua Beng Chye, V Bala, Jansen Chow, Sheila Ng, Wilson Zhu, Raelene Pereira, Cherie Tan and Ho Zi Wei are leading the case.