Nelson Loh, co-founder of the Bellagraph Nova spotlighted for a series of false claims including doctored photos with ex-U.S. President Barack Obama has been judicially declared bankrupt after DBS commenced proceedings against him over outstanding debt.
Nelson Loh was adjudged a bankrupt, according to a Business Times report citing Singapore High Court documents, over S$14.2 million ($10.7 million) of outstanding debt owed to DBS.
Loh also owes another S$2.7 million to Citi, which led a notice that supported DBSs bankruptcy application.
Loh was named as a guarantor for two loan facilities including a S$9 million term loan facility provided in January last year to Novena Global Healthcare Pte Ltd and a S$5 million temporary bridging lo…
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