Ex-GM of ISDN unit under probe for misappropriating funds

Singapore

AN ex-general manager of ISDN Holdings' indirect wholly owned subsidiary may have misappropriated the company's funds, ISDN's internal investigations have found.

The subsidiary, Beijing Junyizhicheng Technology Developing Co (SD Beijing), filed a police report in China on Jan 31 against the ex-employee, Duan Hong Xing. ISDN said on Friday that the police are looking into the alleged misconduct or misappropriation of funds on the part of Mr Duan during his employment with SD Beijing.