Richard Yong (the former chairman), Mathilda Chua (ex-director) and Loo Say San (ex-treasurer) were all declared bankrupt on 16 May 2007. After selling personal properties worth $7.5 million, the former left Singapore without permission early on the morning of 17 May but was apprehended on 4 July 2007 in Hong Kong and extradited back to Singapore on 3 August 2007 where he was charged the next day for charges that the NKF levied on him as well as his flight (or fleeing) from Singapore hours before being declared a bankrupt. Yong said that he had left to settle some personal matters.