Accrelist: CPIB probes S$5,000 annual hongbao to unit's customer

Singapore

A S$5,000 hongbao (red packet) to a customer has become a focal point in a recent Corrupt Practices Investigation Bureau (CPIB) probe involving Terence Tea, the executive chairman of Accrelist and its subsidiary Jubilee Industries Holdings, along with two Jubilee senior management staff.

One of the two Jubilee senior staff members is Serene Tea Lay Sin, Mr Tea's sister and senior vice-president for the company's mechanical business unit. The other is Natasha Teh, who handles business development and project management for Jubilee's mechanical business unit.