A Malaysian man who thought hiding behind Australian laws will help him escape paying off his casino debt was in for some bitter truth.
Lim Soo Kok, a Malaysian national who allegedly has assets in Perth, incurred losses when he visited the Resorts World Sentosa in Singapore several times over four months prior to March 2013, The Straits Times reported.
According to the report, Lim opted to use the credit facilities, which asked him to repay his debt “within seven days of drawing down,” among other terms. By March 2013, the man owed SGD622,363 (US$462,391), and an ensuing negotiation resulted in both parties agreeing that Lim will have to pay the debt in SGD50,000 monthly installments.
The Malaysian paid the first installment, but then reneged on the deal, prompting RWS to file a case in the Singapore High Court, which awarded the casino a default judgment against Lim in December 2014.