In yet another set back for former China tour guide and grassroots activist Yang Yin, the family of Madam Chung Khin Chun have successfully applied for a freeze on Yang Yin’s attempt to liquidate 2 life insurance policies bought under his name, which he claims will be used to pay for his legal fees.
In April this year, the High Court ruled that Yang Yin would be allowed to use the sum from the 2 insurance policies (worth $98,000) to pay for his legal fees in the high-profile High Court suit brought against him by 88 year-old Madam Chung’s niece, 61 year-old Hedy Mok.
All of Yang Yin’s assets were frozen last August after Madam Mok sued him for snatching control over her aunt’s assets, estimated to be worth $40 million, and using these assets, which Madam Chung had wanted him to use to take care of her in her old age, to enjoy a lavish and decadent lifestyle in Singapore.
Madam Mok has appealed against the High Court decision to release the insurance policies and the appeal will be heard in March next year. While the life insurance policies are in Yang’s name, Madam Mok’s lawyer has presented in court that these policies were still bought using her aunt’s money.
On Wednesday, Madam Mok also put in a new High Court application for the policies to remain out of Yang’s reach until the outcome of the appeal is final. This means that Yang cannot touch the policies at least until next month when the new application is heard again.
Yang Yin met Madam Chung in 2008 when he acted as her private guide during a trip to China. Within a year, he had moved his way into Madam Chung’s bungalow and claimed the widow had asked him to be her “grandson”. Apart from the civil cases, Yang Yin faces criminal charges for falsifying receipts at his company and misappropriating $1.1 million from Madam Chung.
He has been in remand since Oct 31 last year. His bail application had been denied.