ALLIED TECH SAGA
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Allied Tech misappropriation case: auditors find lawyer Jeffrey Ong's account 'plausible'
Independent directors also failed to question many aspects of key transactions, report says
Published Thu, Apr 7, 2022 · 09:50 PM
Singapore
A SPECIAL audit of developments surrounding missing funds at Catalist-listed Allied Technologies has found that the version of events told by Jeffrey Ong, the lawyer charged with cheating and other offences in the case, appear to be "plausible explanations" for the gaps in the story told by those involved in the company.
The auditors also found failure on the part of the independent directors in safeguarding the interest of the company on several counts.
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