An honorable member of the Coffee Shop Has Just Posted the Following:
Some 15 yrs ago the infamous couple who owned Advanced Gravis Computes in Sim Lim Sq, Hill Str area, Bungsar and Penang were made bankrupt by High Court for racking up debts of some $10 millions. Tan Bee Kee and Verionica Yeo Mui Joo are now doing fine zippng around in limo owned by them by registered in a relative's name. Yeo earns some $5000 while Tan makes $6000
Yeo has declared to be employee of Mini Toons Pte Ltd while Tan is "employed" by same company unofficially to evade OA supervision. Both have not paid a single cent to judgement debtors after decades of bankruptcy and stay in a fully aircond apartment.
What bankruptcy law joke do we have in sg???
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