Mr Satinder Singh, a businessman, is suing a lawyer who was recently suspended for a year, for the loss of $850,000 which was spent in the course of a property deal. The sum of over $1 million was deposited into an account by Mr Singh as his contribution to a joint plan to develop the property with some other parties. Mr Singh agreed to allow Louis Ang, an undischarged bankrupt to use the funds as he saw fit.
After discovering that only $50,000 was left in the bank account, he lodged a complaint against the lawyer, Mr Uthayasurian, who was alleged to have put himself in a conflict of interests, and failed to advise Mr Singh of the status of Louis Ang and of the dangers of giving Louis Ang the power to use the funds. The Court of Three Judges recently upheld Mr Singh's complaint and suspended Mr Uthayasurian for one year on the grounds that he had placed himself in a conflict of interests position. They stated that this was without prejudice to any finding in any civil lawsuit that Mr Singh might start against Mr Uthayasurian.
Now, Mr Singh's lawsuit has alleged that the lawyer had conspired with Louis Ang to defraud him. The lawyer's defence is first, a denial of the allegation of fraud; second, that Mr Singh was aware of Louis Ang's bankruptcy status and finally, that Mr Singh as an experienced businessman, was aware of the risks of the project.
The property, which is owned by the Brunei government, is a very valuable one in prime area Tanglin Hill.
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