More bad news from Liew Mun Leong's family.
From ST:
Ex-banker found liable for $6.5 million guarantee claimed by former client
A former private banker who was paid a visit at his Chancery Lane home by debt collectors hired by a former client, has been held by the High Court to be liable for the $6.5 million in investments he had guaranteed the businessman.
Mr Karl Liew, who is the son of founding president and former chief executive officer of CapitaLand Group, Mr Liew Mun Leong, was sued by the businessman, Mr Alan Zhou, for breaching the personal guarantees.
The court also found Mr Liew liable for deceit in making false representations to Mr Zhou about the investments, which were in China.
Judicial Commissioner Lim also disbelieved Mr Liew's claim that he had personally paid Mr Zhou $500,000 to help Ms Chen repay the monies, saying she was on the run. "Overall, I find Liew to be a dishonest and evasive witness, whose evidence was riddled with inconsistencies," said Judicial Commissioner Lim.