Ex-shipping tycoon Tong Djoe now a bankrupt

Ex-shipping tycoon Tong Djoe now a bankrupt
Mr Wong filed bankruptcy proceedings last year against Mr Tong, who in the last three years lost another $690,000 in two other lawsuits - one of which involved more fake art.

The sum he owes includes the legal costs and interest that the court awarded Hong Kong businessman Lawrence Wong Chun Lam, when he won his suit against Mr Tong for $200,000 in 2010.

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