SINGAPORE - An accountant specialising in insolvency cases has been accused of pocketing more than $40 million from 21 companies he was tasked with liquidating, and another firm whose finances he was supposed to manage.
A court heard on Jan 14 that he used most of the money to gamble and pay off his creditors. Ewe Pang Kooi, 61, managing partner of certified public accounting firm Ewe, Loke & Partners, allegedly misappropriated $40,622,169 and US$147,000 (S$196,300) in all.
