Novena Global Healthcare board distances itself from Loh cousins, sets up panel to probe 'forged' accounts

THE board of Novena Global Healthcare Group (NGHG), the flagship firm founded by scandal-hit Singaporeans Nelson and Terence Loh, have distanced themselves from the duo and set up a special committee to investigate the firm's audited accounts, which a leading accounting firm as alleged are forged.

It has also appointed a review and supervisory committee to restructure and scrutinise the affairs of NGHG and its subsidiaries, said the board in a statement on Friday. Neither NGHG nor its subsidiaries may enter into any transactions henceforth without the committee's express authorisation.

"Neither Nelson Loh nor Terence Loh are part of this committee," it added.