H2G Green CEO arrested for offence relating to employment of foreign manpower
Raphael Lim
H2G Green said its chief executive officer has been arrested for an offence under the Employment of Foreign Manpower Act, and has surrendered his passport to the Ministry of Manpower (MOM).
In a bourse filing on Tuesday (Sep 26), the Catalist-listed company said Lim Shao-Lin, who is out on bail, has not been formally charged or convicted in court. He has been requested to attend court on Oct 5.
Lim was arrested for an offence under section 22(1)(d) of the Act, which relates to offences where a person makes any statement or provides any information, which the person knows, or ought reasonably to know, is false or misleading.
Last November, H2G Green said that Lim faced legal proceedings commenced by Yu Huajie, who was convicted and sentenced to imprisonment for providing false information in his declaration to MOM in his employment pass application.
Yu was claiming damages against Lim and other defendants for – among other things – inducing him into entering a series of agreements and submitting declaration forms to the MOM, and as a result, being charged by the ministry and sentenced to imprisonment.
The Straits Times reported last October that Yu had invested S$1 million in a company in Singapore, as he had hoped to eventually become a permanent resident here.
BT in your inbox
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
According to the report, Yu knew his employment pass would be applied under a company called Gashubin Engineering and his million-dollar investment would be for that company. He also knew that he would be paid S$10,000 a month as salary, on top of any future potential investment returns, and that he would not need to work for or on behalf of Gashubin.
Lim is a director of Gashubin Engineering, which is a wholly-owned subsidiary of Gashubunited Holding. He holds a 60.3 per cent stake in the latter and is a director there.
Gashubunited Holding is a controlling shareholder of H2G Green, with a 31.8 per cent stake. However, Gashubin Engineering is not a subsidiary or entity within control of H2G Green.
H2G Green said it is not involved in the matter regarding Yu and the investigations. It added its nominating committee and board have assessed that Lim is suitable to continue carrying out his duties as CEO and executive director of H2G Green.
Shares of H2G Green last traded at S$0.018 on Monday. The company called for a trading halt on Tuesday morning, and has requested for it to be lifted on Wednesday.
Copyright SPH Media. All rights reserved.
