Hyflux sues Olivia Lum for more than S$690 million over alleged negligence, fiduciary duty breach
OLIVIA Lum Ooi Lin has been sued by water treatment firm Hyflux which she had helmed for claims of at least S$690.6 million over alleged negligence and breach of fiduciary duty.
Lum has denied the allegations in the defence she filed last week through her lawyers, Davinder Singh and Jaikanth Shankar.
Hyflux, Hydrochem and Tuaspring are companies in the group bringing the legal action against the 61-year-old, with the two liquidators for the group joining as plaintiffs. The plaintiffs are represented by Eddee Ng of Tan Kok Quan Partnership.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Asean+3 has made strong progress on cross-border payment connectivity, but more work lies ahead
Indonesia targets year-end start for US$30 billion clean power exports to Singapore
Seatrium surge leads Singapore stocks slightly higher on Tuesday; STI up 0.1%