SINGAPORE (AP) — A Singaporean businessman facing criminal charges in the United States for allegedly violating sanctions against North Korea said he was taking the…
SINGAPORE (AP) — 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 U. S. Treasury Department for allegedly doing business with the North and engaging in money laundering.
“As for the developments in the U. S., 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 Oct. 27.
Last week, the Treasury Department imposed sanctions on Wee Tiong (S) Pte. Ltd. and ship management services company WT Marine Pte. Ltd.
