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Home / Capital / Corruption Probe

TEE International CEO relieved of duties over unauthorised remittances; incident may raise questions over spin-off

Corruption probe

TEE International CEO relieved of duties over unauthorised remittances; incident may raise questions over spin-off

Benjamin Cher Published on Fri, Sep 13, 2019 / 6:30 AM GMT+8

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(Sept 16): TEE International appears to have been hit by a scandal. The engineering firm said on Sept 4 that a total of $6.55 million had been remitted from the company to other entities, including those owned by its group CEO Phua Chian Kin, without the board’s knowledge.

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