Downturn deals crushing blow to millionaire

The Star Online, 19 Jan 2009

HE was once a millionaire living in a condominium with his wife and three children in Singapore.

But following the economic downturn, Mr Wu – as he was identified – was forced to sell his luxurious home and move his family into a three-room flat.

They also had to depend on handouts such as foodstuff from the generous public.

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