When their relationship soured towards the end of 2019, she withdrew S$762,000 from one of their joint bank accounts, leaving the other half of the balance for Mr Ng.Mr Ng contended that she was not entitled to the sum on two grounds: She had given an undertaking that she was a joint account holder in name only, and the sale proceeds of their Sennett Lane property belonged solely to him because she was a co-owner in name only.
He and Mdm Thum then lived together in a flat located in Pine Close in Geylang. However, he was hospitalised after a fall in late 2019 and began living in a nursing home.Various payments were then made, including S$1 million to Mdm Thum and S$100,000 each to three of Mr Ng’s children. The judge agreed with her that all three assets in contention — sales proceeds from the Sennett Lane bungalow and the money in both bank accounts — were held on a beneficial joint tenancy until Mdm Thum withdrew the sum of S$762,000.
Aside from this, she also traded on her own account, tendering or bidding for abandoned goods in the port and reselling them as salvaged goods, with the profits from those trades sometimes being used for Seacon’s working capital. A transfer document contradicted Mr Ng’s claim that he had “added” her name as a joint tenant after buying the property himself.
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