Tan Kok Liang

Tan Kok Liang was an accountant He was also the director of Pan-El's subsidiary Orange Grove Property, the company responsible for making the many forward share purchase contracts that led to Pan-El's collapse in 1985. Tan was also a director of Pan El's largest shareholder, Growth Industrial, and its subsidiary Trans Eastern. During the trial of Tan Koon Swan, the prosecution alleged that the two Tans, who are unrelated, colluded to artificially raise the price of securities of Grand United Holdings, Supreme Corporation, Ambassador Hotel, and Growth Industrial Holdings in order to facilitate financing for each company.
On 5 February 1986, Tan Kok Liang was also arrested and the following charges were brought against him. This was despite his appearing as a witness for the prosecution in Tan Koon Swan's trial—a move which usually guarantees immunity from prosecution.
#As a director of Orange Grove Property, a Pan El unit, he dishonestly disposed of company funds in a manner that violated Singapore's Companies Act. He had used 49,599 of Orange Grove's funds in the purchase of Supreme Corp shares by Orchard Hotel, another Pan El unit.
#As a director of Systems Consultants (a 50% owned associate of Pan El), he committed criminal breach of trust and again violated the Companies Act when he gave a cheque for S$5,000 out of company funds to Tan Koon Swan for the writing of the latter's autobiography.
Tan pleaded guilty to both charges, and was sentenced to 15 months in jail. The sentence was later reduced to nine months on appeal. In 1987, he was suspended from practising accountancy by the Singapore Society of Accountants.

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