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A married businessman from China who was courting a flight attendant bought her a $ 3 million apartment at The Interlace as a birthday present.
On the day he signed the purchase documents, he told you to order a Mercedes-Benz of your choice.
After they began their adventure, Mr. Xu Zhigang transferred two sums totaling US $ 9.6 million (S $ 13 million) to Ms. Wang Fang in July 2014 and February 2015. Their relationship ended in November 2017.
Last year, Xu sued his former lover to get the money, the apartment and the car back, claiming that she had them in custody for him.
Ms. Wang, who refused to return the assets, argued that they were gifts.
Yesterday, Xu largely succeeded in his claim to get the money back, after the High Court allowed him to recover around $ 9.4 million from Ms. Wang.
In a written judgment, Judge Audrey Lim accepted Mr. Xu’s explanation that the sums of money were transferred to Ms. Wang for temporary custody, as their companies in China were facing financial difficulties at the time.
However, the judge dismissed Mr. Xu’s claims about the apartment and the car, which he concluded were gifts.
Xu, who is 40 years old, used to be the main shareholder of Eastport Petrochemical (Singapore).
He met Ms. Wang on a flight in 2011.
Even before they began a romantic relationship in February 2014, Xu offered her gifts and benefits. This included using his ATM card linked to his bank account where his salary of $ 20,000 a month was deposited.
TO TRANSFER
Between December 2013 and February 2014, Mr. Xu transferred $ 4.2 million to Ms. Wang to purchase the apartment and the car, both registered in her name.
He also got her a job at his company, which paid her $ 10,000 a month between April 2014 and June 2016, although she did not do any substantial work.
Around February 2014, she discovered that he had had another relationship, but he assured her that he no longer saw the other woman, who worked at his company.
In his lawsuit, Mr. Xu, who was represented by lead attorney Tan Chee Meng, claimed that he had bought the apartment to improve Ms. Wang’s living conditions as he considered her a sister.
Xu said he bought the car because he needed to meet with clients in Singapore. He said the apartment and car were registered in his name so that it would be convenient for him to handle administrative matters related to the assets.
Judge Lim said that Xu’s explanations were not convincing.
However, the judge accepted his explanation that he had transferred $ 2.6 million to Ms. Wang as part of a plan to insulate Eastport from its troubles in China.
There was also evidence to support Mr. Xu’s explanation that he had transferred $ 7 million to Ms. Wang to keep the funds out of the reach of potential creditors and allow her to restart her business.
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