AGV director in CAD probe maintains innocence, unwilling to step down

Singapore

AGV Group's nominating committee (NC) on Thursday said that it had recommended that the company's executive director (ED) Albert Ang step down, amid an investigation by the Commercial Affairs Department (CAD).

But the NC added Mr Ang, who was arrested and placed on bail earlier this week, is not willing to do so at the moment and has asked for time to consider and seek counsel on the matter.