High Court dismisses SBI Offshore ex-CEO's claims against PwC

A FORMER SBI Offshore executive who alleged that PricewaterhouseCoopers Advisory Services (PwC) had caused him reputational loss in its special audit of transactions he was involved with has had his claims dismissed.

David Tan Woo Thian, a former chief executive officer (CEO) of SBI Offshore until 2016, had his claims dismissed by a High Court judge last Wednesday, according to the minute sheet seen by The Business Times.

In July 2016, SBI engaged PwC to review a series of transactions pertaining to SBI's acquisition and subsequent disposal of shares in Jiangyin Neptune Marine Appliance (NPT), a Chinese entity.