REC clarifies reports regarding charges filed over India dispute
Add BT as a preferred source
Tan Nai Lun
DeeperDive is a beta AI feature. Refer to full articles for the facts.
MAINBOARD-LISTED Raffles Education Corporation (REC) on Wednesday (Apr 20) sought to clarify media reports regarding a charge sheet filed against the company over its dispute in India.
In a bourse filing, REC noted an article that said the Delhi Police's Economic Offences Wing (EOW) had filed a charge sheet against its directors and top management, over its dispute with Educomp Group and Jai Radha Raman Education Society.
The article had also noted allegedly attempts by an REC unit to grab the education society's land and buildings in India, as well as a supposed "criminal conspiracy" to defame Educomp Group, through forged evidence and documents.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘We’ve seen the worst-case scenario’: How Indonesia’s Cinema XXI navigated crisis and change
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
Costly renewals: Transforming an old landed house into your dream home is getting harder
