• Short Summary

    RICHARD TARLING WAS TODAY FOUND GUILTY IN SINGAPORE HIGH COURT ON ALL FIVE CHARGES BROUGHT AGAINST HIM UNDER COMPANY LAW.

  • Description

    RICHARD TARLING WAS TODAY FOUND GUILTY IN SINGAPORE HIGH COURT ON ALL FIVE CHARGES BROUGHT AGAINST HIM UNDER COMPANY LAW.

    MR JUSTICE KULASEKARAM FOUND HIM TO BE PERSONALLY RESPONSIBLE FOR OFFENCES COMMITTED IN THE ACCOUNTS OF HAW PAR BROTHERS INTERNATIONAL IN THE YEARS 1972 AND 8173.

    BEFORE PASSING SENTENCE THE COURT ADJOURNED FOR LUNCH BEFORE HEARING A STATEMENT OF MITIGATION BY MR TARLING'S DEFENCE COUNSEL.

    THE JUDGE SAID HE FOUND ONE PART OF CHARGES FOUR AND FIVE HAD NOT BEEN PROVED AND HE STRUCK THOSE OUT BUT FOUND MR TARLING GUILTY ON THE MAIN PARTS OF THOSE TWO CHARGES AS WELL AS ALL PARTS OF CHARGES ONE, TOW AND THREE.

    MR TARLING FACES A MAXIMUM SENTENCE OF TWO YEARS' IMPRISONMENT OR A 2,000 DOLLAR (1,00 U.S. DOLLARS) FINE ON EACH CHARGE.

    SINGAPORE, NOV 19, REUTER -- THE VERDICT IN THE TRIAL OF BRITISH BUSINESSMAN RICHARD TARLING WILL BE HANDED DOWN IN THE SINGAPORE HIGH COURT TOMORROW, MORE THAN EIGHT MONTHS AFTER HE WAS EXTRADITED FROM BRITAIN ON FIVE CHARGE UNDER SINGAPORE COMPANY LAW.

    THE TRIAL, WHICH IS REPORTED TO HAVE COST THE SINGAPORE GOVERNMENT MORE THAN TWO MILLION DOLLARS (ONE MILLION U.S.), OPENED ON AUGUST 6 AND RAN FOR 59 DAYS--MAKING IT SINGAPORE'S SECOND LONGEST CRIMINAL HEARING.

    IF FOUND GUILTY MR. TARLING, 45, COULD BE SENTENCED TO A MAXIMUM OF TWO YEARS IMPRISONMENT OR A 2,000 DOLLAR (1,000 U.S.) FINE ON EACH CHARGE.

    THE CHARGES ARISE FORM THE OPERATIONS OF HAW PAR BROTHERS INTERNATIONAL IN THE 1972 AND 1973, WHEN IT WAS UNDER THE CONTROL OF THE BRITISH SLATER WALKER PROPERTY GROUP AND MR. TARLING WAS ITS CHAIRMAN.

    HE IS ACCUSED WITH OTHERS NOT BEFORE THE COURT OF FAILING TO PRESENT "A TRUE AND FAIR VIEW" OF THE COMPANY'S ACCOUNTS BY FAILING TO DISCLOSE SEVEN MILLION U.S. DOLLARS IN PROFITS MADE IN 19872 IN STOCK DEALINGS ON THE HONG KONG MARKET.

    HE IS ALSO ACCUSED OF FAILING TO DISCLOSE THE FORMATION AND STRUCTURE OF MELBOURNE UNIT TRUST, A TRUST FUND SET UP IN HONG KONG INTO WHICH THOSE PROFITS HAD BEEN PUT AS A RESERVE FOR FUTURE YEARS. A SUBSIDIARY CHARGE IS THAT HE FAILED IN 1973 TO SHOW THAT PART OF HOW PAR'S PROFITS FOR THAT YEAR CAME FROM THE PRIOR FINANCIAL YEAR.

    MR. TARLING ORIGINALLY WAS CHARGED IN 1975 IN BRITAIN, TOGETHER WITH JIM SLATER, THEN HEAD OF SLATER WALKER, AND OTHER HAW PAR EXECUTIVES. BRITISH COURTS REJECTED THE CHARGES AGAINST MR. SLATER BUT AFTER A FOUR-YEAR LEGAL BATTLE, WHICH INCLUDED TWO APPEALS TO THE HOUSE OF LORDS, MR. TARLING WAS ORDERED TO BE EXTRADITED.

    SINCE HE ARRIVED HERE HE HAS BEEN ON BAIL OF 150,000 DOLLARS (70,000 U.S.) HE SAYS HE WAS SPENT 300,00 U.S. DOLLARS SO FAR ON LEGAL EXPENSES, FROM A "FIGHTING FUND" TO WHICH JIM SLATER, SIR JAMES GOLDSMITH, ANOTHER PROMINENT BRITISH BUSINESSMAN AMONG CONTRIBUTORS.

    TOMORROW'S VERDICT MAY NOT SEE THE END OF THE MATTER HOWEVER, SINCE HE SAYS HE WILL APPEAL AGAINST THE VERDICT, AS HIGH AS THE PRIVY COUNCIL IN LONDON.

  • Tags

  • Data

    Film ID:
    VLVA87ZIFL0SR15VKWP44QF6M1LL2
    Media URN:
    VLVA87ZIFL0SR15VKWP44QF6M1LL2
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    20/11/1979
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:02:31:00
    Time in/Out:
    /
    Canister:
    N/A

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