SINGAPORE – At least $10 million worth of wealthy widow Chung Khin Chun’s assets – including jewellery and works of art – have reportedly gone missing.
And the 87-year-old’s niece, Hedy Mok, is representing Madam Chung to file a suit in the High Court to get a former tour guide from China, Yang Yin, to explain where the missing assets have gone, Lianhe Wanbao reported yesterday.
Mr Yang, 40, is embroiled in a legal tussle with Madam Mok, 60, over the widow’s assets, believed to be worth $40 million.
Madam Mok is also asking the court to declare that Mr Yang violated his fiduciary duties and has to be responsible for the losses suffered by Madam Chung.
The widow’s late husband, Chou Sip King, died in 2007. They have no children.
She met Mr Yang while on holiday in China, and made a will in 2010 leaving all her assets to him after he moved into her bungalow in 2009.
In 2012, she also appointed him as her guardian, giving him full control of her assets.
The widow was diagnosed with dementia earlier this year and Madam Mok applied to be her guardian in June.