Businessman got ex-wife to sue him for millions so he has less assets in latest divorce
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SINGAPORE — A businessman and his former wife came up with a sham with the intention of reducing the value of his assets as he was going through a divorce with his current wife, a High Court judge has found. In August 2023, the former wife, Chiang Ai LingBusinessman got ex-wife to sue him for millions so he has less assets in latest divorce
SINGAPORE — A businessman and his former wife came up with a sham with the intention of reducing the value of his assets as he was going through a divorce with his current wife, a High Court judge has found. In August 2023, the former wife, Chiang Ai Ling, filed a $13.7 million lawsuit against Tan Kian Chye and his second wife, Ang Siew Yan. Ang had filed for divorce from Tan in December 2022. Chiang alleged that Tan had failed to pay her the sum in exchange for her transferring all her shares in his company to him. She claimed that he had orally agreed in 2015 to pay her 25 per cent of the proceeds from the sale of his company. Tan, who has a child with each woman, did not contest the lawsuit. But Ang contended that the purported 2015 agreement was a sham conceived by Chiang and Tan to reduce the assets liable for division in the ongoing divorce. In a written judgement issued on Dec 30, Justice Audrey Lim said the evidence showed that the purported agreement never existed and that the sham was conceived after Ang filed for divorce. Read more