JLC Advisors' Jeffrey Ong charged with misappropriating S$17.5m from CW Group
Tay Peck Gek
Singapore
JLC Advisors managing partner Jeffrey Ong Su Aun was charged on Tuesday with misappropriating S$17.5 million belonging to CW Group Holdings, which was delisted from the Hong Kong stock exchange earlier this month.
These charges have come a year after the 43-year-old lawyer tendered his resignation as independent non-executive director of the precision machine tool maker.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?
Banyan Group heir Ho Ren Yung: ‘Better to be useful than happy’