Yang Yin can't use insurance for lawyer fees

Yang Yin can't use insurance for lawyer fees
Mr Yang Yin in a police car on 5 November 2014. The former China tour guide faces 11 charges of falsifying receipts worth $28,000 to his firm Young Music and Dance Studio and also accused of manipulating a wealthy 87- year-old widow Chung Khin Chun, into giving him control of her assets, believed to be worth $40 million.
PHOTO: The Straits Times

FORMER China tour guide Yang Yin has run out of cash to pay his legal fees, according to his lawyer Joseph Liow yesterday.

He was speaking to reporters after a State Court hearing in which the judge decided not to let Yang liquidate $98,000 worth of insurance policies for now.

The policies are in his name, but there is a dispute as to who is entitled to the insurance proceeds. Hedy Mok, a 61-year-old tour agency owner, alleges that the money came from her 88-year-old widowed aunt, whom she claims was manipulated by the China national.

She has sued the 41-year-old Yang and successfully applied in August last year to freeze his assets, including the insurance policies. Since October, Yang has also been in police remand after being charged for faking receipts and allegedly misappropriating $1.1 million from the estate of Madam Mok's aunt.

When the High Court in April granted permission to liquidate the policies, it was revealed that they had been seized by the Commercial Affairs Department (CAD) as part of investigations. That is why the matter returned to the State Courts.

It was decided yesterday that the policies would remain untouched until Madam Mok's suit against Yang is settled, Mr Liow said. The trial date for the suit has been tentatively set for March.

"He has no funds right now. There has been no funds available to my client for quite some time," he explained. He would not be drawn into saying whether he has been paid by Yang.

Madam Mok's lawyer, Peter Doraisamy, said that in the meantime, his client will still go to appeal against the High Court's decision to allow Yang to liquidate the policies.

"The appeal has to go on. That is because there is still an order that allows him to use the proceeds of the insurance policies towards legal fees," he said.

The widow, Chung Khin Chun, owns a bungalow at Gerald Crescent and her assets are estimated to be worth $40 million. Yang met Madam Chung, a retired physiotherapist, in 2008 when he acted as her private guide during a China trip. A year later, he moved into her bungalow and claimed the widow wanted him as her "grandson".

Earlier this year, the courts threw out a 2010 will in which Madam Chung, who was diagnosed with dementia last year, left all her assets to Yang. It was replaced by one which left him with nothing, and would see most of her money go to charity.

kcarolyn@sph.com.sg


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