SINGAPORE (Oct 5): USP Group, whose ability to remain as an ongoing business has been cast into doubt by auditors, said it was served with a statutory demand on Friday by Legal Standard LLP, solicitors acting for a certain Ridwan Kasenda.

The statutory demand is for payment of the sum of $250,273.97 which is alleged to be outstanding as of Friday. This is in relation to a settlement agreement which was entered into on or around June 27 between USP and Ridwan.

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