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SINGAPORE (THE BUSINESS TIMES) – Singapore Kitchen Equipment, which is listed in Catalonia, said Sunday night (September 13) that its founding husbands Sally Chua Chwee Choo and Alan Lee Chong Hoe are out on bail amid an investigation. for corruption.
Ms. Chua is the CEO and CEO of the group, while Mr. Lee is CEO.
They are out on bail in connection with investigations of crimes under Section 6 (b) of the Prevention of Corruption Act, the group said in a regulatory update.
He added that their passports have been handed over to the Corrupt Practices Investigation Office (CPIB).
Ms. Chua, Mr. Lee, and Group Senior Sales Manager Alvin Chiao Shan Ren were interviewed by the CPIB on or about September 10 regarding entertainment expenses and sales commissions related to certain projects carried out by Q’son Kitchen Equipment, a wholly owned subsidiary.
The group, through Q’son, offers commercial and industrial kitchen solutions for the food and beverage service and hospitality industries. Ms. Chua is also the CEO of Q’son.
Singapore Kitchen Equipment said the investigation is ongoing and no charges have been filed against Ms. Chua, Mr. Lee and Mr. Chiao as of Sunday. Its nominating committee believes that the trio remains competent and that it would be in the best interest of the group that they continue to fulfill their responsibilities and duties in operating the group’s businesses.
Although it is currently unaware of any wrongdoing or offense committed by Ms. Chua, Mr. Lee, and Mr. Chiao, the board said it has appointed attorneys and an independent reviewer to, among other things, review the internal processes and group internal controls to further strengthen. corporate governance.
Singapore Kitchen Equipment requested on Sunday that a commercial suspension called for September 11 be lifted. The counter was last traded at 9.8 cents on August 20.
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