Plea in Pan-Electric Collapse Case
Tuesday, 14th October 1986
Peter Tham Wing Fai, former director of the collapsed Singapore conglomerate Pan-Electric Industries pleaded guilty to 18 charges of forging share transfer forms. In addition, 38 years old Tham was to face 36 charges relating to Pan-Electric's collapse. He was eventually sentenced to a total of 10 years in jail and Tham was released from jail early, in 1992 for good behavior. He was declared a bankrupt for owing S$ 25 million to various parties. In 2000, he was charged with hiding about S$ 1.7 million in cash, three cars and other items from the authorities as a bankrupt. Subsequently, Tham gone missing and was put on a "Wanted Man" list.