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SINGAPORE – A former deputy group director of the Land Transport Authority (LTA) was charged on Friday (July 24) with corruption involving $1.24 million in loans from contractors and sub-contractors.
Henry Foo Yung Thye, 46, who had a gambling habit and had chalked up debts, allegedly obtained gratification in the form of loans from contractors and sub-contractors of the LTA between 2014 and 2019.
Sometime early last year, the Singaporean also allegedly attempted to obtain gratification in the form of a loan of around $30,000 from a sub-contractor of the LTA in order to advance its business interest with the agency.
Foo also allegedly cheated his colleagues at the LTA into extending him loans totalling about $726,500, by dishonestly concealing from them that the loans were intended to service his gambling habit and debts.
In total, he faces 36 charges. His bail was set at $250,000. Six individuals and a company who provided Foo with the loans to advance their business interests were also charged on Friday.
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