Suing OCBC to unfreeze GodMa's $8.8m account

[scroobal]

Bodoh is exactly right. He and the wife must have neglected the old woman.

thks for clarifying, still - How did Hwang manage to let schemer adopted daughter persuade his aunt to transfer power of attorney away from him ? Bodoh !

 

[jw5]

I personally think its the 94yo old Ah Ma's fault. Why would you keep 8million in the bank when you are approaching 94? Why not make arrangements/will before your reach 70 on how your money should be spend/kept etc? 8million is a lot of money to be kept in the bank, especially when you reach that age. With no foresight on these sort of things to come its really her fault for not doing the "proper" thing earlier. She is not getting any pity from me, she is just another sinkie that doesn't know what to do if the government doesn't tell you.

I would have to agree. Most people have focused on the adopted daughter and the bank, but the elderly lady could have made arrangements long before she had her illness. Our sympathies for her now, but she could have planned her life better.
Could she not have opened a joint account of a lesser amount many years ago?
The problem is that in the current situation, it appears that she cannot even get access to her own money. I wonder whether the bank intends to address this issue.

 

[Ramseth]

Beware of old woman in a hurry.

 

[elephanto]

I hv changed my mind: $ should be released to old lady

Today LianHe ZaoBao Sunday edition has a writeup on this Old Lady Hwang's family tree. Very impressive.

Significantly, I learned that:-
(a) adopted daughter not some walk-in gold digger, adopted as a baby so Mdm Huang have raised her from small, warts & all, she should know her adopted daughter inside out.

(b) SC Michael Hwang is nephew of Mdm Hwang (his father is elder bro of Old Lady). He had previously told his aunt, he & his sister(old woman's niece) not interested in her estate, in fact advised her to bequeath to her adopted daughter. Old Woman confided the worry that her daughter may be cheated by others of her money (gullible? or distrustful of son-in-law)

The above facts (especially adopted as baby) & other testimony of Drs who described Mdm Hwang as 'fiesty, witty' despite her dementia ....
whatever the distasteful info of the 18k monthly claims etc, I think the bank has done good due dilligence & old Mdm Hwang entitled to have her money.

Whether adopted daughter could have been less obstentatious etc, it's all within their family.

The State or Garmen should not 'confiscate' a private citizen's money just on accounts of her dementia.

Side note: according to family tree, the Hwangs all 4 generations full of top bankers, lawyers, diplomats.
Great-grand uncle Hwang live thru end-days of Manchu rule, was KMT diplomat posted to many places e.g. San Fransico, even Spore.

Grandfather Hwang, among founders of BoC, instrumental in setting up Spore Branch of BoC in 1936.

Father Hwang, also Banker. SC Hwang's maternal Grandfather also top lawyer, representing UN on some Law Panel died in The Hague.

Mdm Hwang's hubby also GM of Industrial Commercial Bank, Spore.

 

[johnny333]

Beware of old woman in a hurry.

Mant Sporeans already know that, from their experiences from the old man lah