Blumont independent director resigns

A NON-EXECUTIVE independent director of Blumont Group, Ng Su Ling, resigned yesterday with immediate effect, the company said in a statement to the Singapore Exchange (SGX).

When contacted by The Business Times last night, the 49-year-old said one of the main reasons for her stepping down was to pursue legal action against Goldman Sachs International and Goldman Sachs Singapore.

She revealed that she has filed suit in the UK, and decided to leave Blumont Group in order to focus on the suit with her solicitors. She also added that she might have to make frequent trips to London as a result.