SINGAPORE (AP) — A Singaporean businessman facing criminal charges in the United States for allegedly violating sanctions against North Korea said he was taking the concerns "seriously."
In a note to stakeholders of his trading company Wee Tiong, seen by The Associated Press, Tan Wee Beng said he was still fully committed to his business. Tan was also blacklisted by the U.S. Treasury Department for allegedly doing business with the North and engaging in money laundering.
Tan said he will work with lawyers and contact authorities for more information on the charges.
The Treasury Department imposed sanctions on Tan's companies last week. It alleges that Tan worked with at least one other Wee Tiong employee to fulfil millions of dollars of commodities contracts for North Korea, dating back to 2011.
