Sin­ga­porean ac­cused of N. Korea deals breaks si­lence

The Myanmar Times - - Metro -

A Sin­ga­porean busi­ness­man fac­ing crim­i­nal charges in the United States for al­legedly vi­o­lat­ing sanc­tions against North Korea said he was tak­ing the con­cerns “very se­ri­ously.”

In a note to stake­hold­ers of his com­modi­ties trad­ing com­pany Wee Tiong, seen by The As­so­ci­ated Press, Tan Wee Beng said he was still fully com­mit­ted to his busi­ness.

Tan was also black­listed by the US Trea­sury De­part­ment for al­legedly do­ing busi­ness with the North and en­gag­ing in money laun­der­ing.

“As for the de­vel­op­ments in the US, which we have learned of from the news re­ports, we take them very se­ri­ously. We will work closely with our le­gal ad­vi­sors on this, and will be li­ais­ing with the rel­e­vant au­thor­i­ties for more in­for­ma­tion,” he said in the note, dated Oc­to­ber 27.

Last week, the Trea­sury De­part­ment im­posed sanc­tions on Wee Tiong (S) Pte. Ltd. and ship man­age­ment ser­vices com­pany WT Ma­rine Pte. Ltd. It al­leges that Tan worked with at least one other Wee Tiong em­ployee to fulfil mil­lions of dol­lars of com­modi­ties con­tracts for North Korea, dat­ing back to 2011.

Tan is the direc­tor of both com­pa­nies, which share an ad­dress and have sim­i­lar board mem­bers, of­fi­cial records show. The Jus­tice De­part­ment has named him in crim­i­nal charges such as bank fraud for “a mul­ti­year scheme to vi­o­late and evade US na­tional se­cu­rity con­trols”.

– As­so­ci­ated Press

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