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SINGAPORE — A former director of Sakae Holdings, which owns the Sakae Sushi chain, was hauled to court on Friday (Aug 3) to face multiple charges of criminal breach of trust, cheating and forgery amounting to more than S$25 million.
Ong Siew Kwee, commonly known as Andy Ong, was also accused of intentionally giving false evidence in a judicial proceeding on Nov 22, 2015.
The 47-year-old has been embroiled in legal trouble since January 2013, when Sakae Holdings filed a civil suit against him for allegedly breaching his fiduciary duties as a director.
Court documents on Friday revealed that Ong, in his capacity as a director of Griffin Real Estate Investment Holdings, purportedly signed a cheque for S$8 million around May 24, 2012 to his own HSBC bank account. Sakae was a minority shareholder in Griffin.
More at https://www.todayonline.com/singapore/former-sakae-holdings-director-charged-cheating-cbt-more-s25m
Ong Siew Kwee, commonly known as Andy Ong, was also accused of intentionally giving false evidence in a judicial proceeding on Nov 22, 2015.
The 47-year-old has been embroiled in legal trouble since January 2013, when Sakae Holdings filed a civil suit against him for allegedly breaching his fiduciary duties as a director.
Court documents on Friday revealed that Ong, in his capacity as a director of Griffin Real Estate Investment Holdings, purportedly signed a cheque for S$8 million around May 24, 2012 to his own HSBC bank account. Sakae was a minority shareholder in Griffin.
More at https://www.todayonline.com/singapore/former-sakae-holdings-director-charged-cheating-cbt-more-s25m
