CPIB raps one of Singapore Kitchen Equipment execs
CATALIST-LISTED Singapore Kitchen Equipment announced on Friday (Jan 28), that its group senior sales manager, Alvin Chiao Shan Ran, has been administered a stern warning by the Corrupt Practices Investigation Bureau (CPIB).
CPIB will also take no further action in its investigation of Sally Chua Chwee Choo, executive director and chief executive officer of the company.
To recap, 3 of Singapore Kitchen Equipment executives - Chua, Chiao and Alan Lee Chong Hoe, an executive director - were under investigation in connection with entertainment expenses and sales commissions relating to certain projects undertaken by Q'son Kitchen Equipment, a wholly owned subsidiary.
Shares of Kitchen Culture has been suspended since Aug 5, 2021.
Read more:
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Japan Home closing outlets; staff say Valu$ taking over operations
Timah Partners lands S$60 million facility from lenders including UOB, RHB