Former Sakae Holdings Director Guilty of Misappropriation, Perjury

Former Sakae Holdings director Ong Siew Kwee and two associates have been convicted in the Bugis Cube case, involving misappropriation and perjury in High Court.

Fri May 08 2026

Guilty Verdict for Misappropriation and Perjury

Ong Siew Kwee, a former director of Sakae Holdings, along with his associates Ho Yew Kong and Chua Wei Tat, have been found guilty in the case concerning Bugis Cube. They faced charges related to the misappropriation of S$15.8 million and lying in the High Court.

Sentencing Adjourned

Following their conviction, the sentencing for Ong Siew Kwee and his two associates has been adjourned. This verdict highlights the importance of corporate accountability and legal compliance. Further details regarding the sentencing are expected to be released at a later date.

*Source: Channel News Asia (2026-05-08)*

Tags: #Sakae Holdings #Misappropriation #Perjury #Singapore #Corporate Crime