OxPay ordered to pay ex-CEO, ex-CFO for wrongful dismissal

SINGAPORE’S Employment Claims Tribunal (ECT) has ordered payment services company OxPay Financial to pay its former chief executive and chief financial officer S$77,501.52 following wrongful dismissal claims by the 2 individuals, according to copies of the orders seen by The Business Times.

Former executive director and chief executive Anthony Koh resigned from MC Payment, as Oxpay was known at the time, on Jul 1, 2021, according to filings on the Singapore Exchange. A day later, CFO Madeline Sam also resigned. Their departures came after Oxpay controlling shareholder Ching Chiat Kwong succeeded in his bid to replace the directors of the company’s board.

At the time, MC Payment said that both individuals would serve a required 6-month notice period. However, in a bourse filing on Dec 1, OxPay Financial announced the immediate termination of Koh and Sam, about 1 month before their notice periods were up.