Despite a court injunction to freeze all of her assets, Chinese national turned naturalized Singapore citizen Song Fanrong, sold off a stake of her popular chain of kindergarten businesses in Singapore and funneled the $300,000 worth of funds to bank accounts in China.
She was jailed yesterday for contempt of court by Senior Judge Andrew Ang while awaiting further orders. He will review the case on 27 September.
45 year-old Song, who ran 8 kindergartens including Buttercups branches at Pasir Panjang and Rochester Drive and Frobel preschools at Kallang and Woodlands, is accused of fraudulent misrepresentation by 3 Chinese businessmen after she convinced the 3 of them to hand over $5.5 million to buy properties in Singapore.
She also falsely claimed that her husband Mr Teo Kuei Yang, was the brother of the Deputy Prime Minister, and her good connections would allow them to be granted permanent residency in Singapore easily.
The businessmen later found out that their transactions with her had no legal effect and took up a law suit to demand over $9 million in damages from her.