Ex-tour guide Yang Yin, 40, might have felt relieved yesterday when he was granted bail of $150,000, but his troubles are far from over.
The authorities are now investigating a questionable transfer of $500,000 from the account of Madam Chung Khin Chun, 87, to his father in China, reported The Straits Times today.
Yang is now embroiled in a legal battle over the her wealth. Madam Chung's niece, Madam Hedy Mok, had alleged that Yang had manipulated the elderly woman into handing him control of her assets worth a whopping $40 million.
He also faces 331 criminal charges for falsifying about $400,000 worth of receipts that were supposedly paid to his company, a music school.
While he was granted bail, the judge ordered him to surrender his passport and report to the police at 10am every day. He will be discharged from Changi Prison, where he is being remanded, on Monday after he pays the bail.
Pointing to the $500,000 transfer, the prosecutor argued that the bail should be higher as Yang had the means to pay a bigger sum, according to media reports. But Yang's lawyer argued that there was no evidence that the money is still available.
Madam Mok, who was in court yesterday, told journalists that she was disappointed.
Without giving details, the Attorney-General's Chambers said it would be making an application to the High Court with regard to the bail decision.