A company owned by Singaporean wrestler Andruew Tang You Liang is under investigation by the Singapore government for providing oil to North Korea.
According to media reports, 10 entities and six individuals have been slapped with sanctions by the US Treasury Department on Tuesday (22 August). The act was “in response to North Korea’s ongoing development of weapons of mass destruction, violations of the United Nation Security Council Resolutions and attempted evasion of US sanctions”.
Tang’s company, Transatlantic Partners, is one of two locally registered companies that the US plans to impose sanctions on, with the other being Velmur Management.
The wrestler, who goes by the moniker The Statement, is registered as Transatlantic Partners’ sole director and shareholder, according to Accounting and Corporate Regulatory Authority (ACRA) records. A person named Yeo Chee Seng is registered as the company’s secretary.
Transatlantic Partners was incorporated last May and has a paid-up capital of $1,000. Its principal activities are the general wholesale trade and wholesale of industrial, construction and related machinery and equipment. The registered office address is at International Plaza.
“I do not have information pertaining to the matter as I do not handle the day-to-day operations of the company and I am just a nominee shareholder,” Tang told Yahoo Lifestyle Singapore.
The Ministry of Foreign Affairs said in a statement that the Singapore Government conducts regular industry outreach to inform businesses of updates to local regulations and the latest United Nations Security Council Resolutions on North Korea.
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