Kitchen Culture unit sues ex-CEO and two others over payroll irregularities

Kelly Ng
Published Tue, Aug 10, 2021 · 10:45 PM

A SUBSIDIARY of Kitchen Culture Holdings has sued its former chief executive officer Lim Wee Li and two foreign nationals, Du Kun and Wang Yanchao, to recover S$520,000 from the trio.

The suit was launched before Singapore's High Court on Tuesday. The subsidiary, KHL Marketing Asia-Pacific, is alleging that Mr Lim had breached his duties to KHL and conspired with Mr Du and Mr Wang to make these payments to them for a wrongful purpose and with no justification, the board of Kitchen Culture said in a bourse filing on Tuesday.

The group, which is in the business of supplying kitchen equipment, had lodged a police report on July 31, 2021, in relation to "suspected payroll irregularities" concerning two former employees, which amounted to about S$520,000.

Kitchen Culture had earlier dismissed Mr Lim over "grave misconduct" affecting the company's business. This, it said, was due to findings in an interim report from Baker Tilly Consultancy, which had raised questions over potential breaches by officers and employees of the company.

Catalist-listed Kitchen Culture called for a trading halt on July 7. Its shares last traded at S$0.08.

READ MORE

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

VIEW ALL

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Companies & Markets

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here