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S$33m missing from JLC law firm; lawyer uncontactable

Law Society 'suspects dishonesty'; funds believed to belong to Allied Technologies

Singapore

IN what could be a record sum involved in such cases, some S$33 million has gone missing from the clients' account of boutique law firm JLC Advisors, where a senior lawyer has at the same time become uncontactable.

The firm has reported the case to the Law Society, which has stepped in and taken over running of the account.

The funds are believed to belong to Catalist-listed Allied Technologies. In a regulatory filing on May 8, the company reported that its auditors had flagged some observations...

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