Allied Technologies

Management & Corporate Governance

'Missing' JLC lawyer Jeffrey Ong arrested in Malaysia; charged in Singapore

SINGAPORE (June 6): Jeffrey Ong Su Aun, the 41-year-old managing partner of law firm JLC Advisors who went missing from May 20, has been caught.

Management & Corporate Governance

Allied Tech says law firm handling placement recommended JLC as escrow agent

SINGAPORE (June 5): Allied Technologies said it was Low Yew Shen, a partner at Elitaire Law LLP which was handling the firm’s proposed placement exercise, who had recommended law firm JLC Advisors

Management & Corporate Governance

Allied Technologies' missing funds turn spotlight on past acquisitions

SINGAPORE (June 3): When news broke that Jeffrey Ong, managing partner of law firm JLC Advisors, had disappeared with $33 million from an escrow account maintained by Allied Technologies at JLC, it

Management & Corporate Governance

CAD seizes Allied Tech documents for investigations; retains director's electronic belongings & passport

SINGAPORE (May 30): Allied Technologies says the Commercial Affairs Department (CAD) has seized information, records and documents on the group and its subsidiaries – as well as on its escrow accou

Update

Allied Tech recuses three directors, including JLC partner

SINGAPORE (May 27): Allied Technologies says three of its directors have recused themselves due to conflicts of interest related to the

Management & Corporate Governance

Annica chairman Ong quits just as $33 mil goes missing at his law firm JLC

SINGAPORE (May 27): Jeffrey Ong, managing partner of law firm JLC Advisors, may have given instructions to pay out a sum of $33.2 million held in escrow by his firm for a client, Allied Technologie

Management & Corporate Governance

Law Society moves to take control of money held with JLC

SINGAPORE (May 24): The Law Society of Singapore is taking control over all monies held by law firm JLC Advisors on behalf its clients and third parties.

Management & Corporate Governance

Allied Tech files police report over unauthorised $33 mil payout by JLC MD Ong

SINGAPORE (May 24): Precision engineering firm Allied Technologies said in a regulatory filing on Thursday it will file a police report over an unauthorised payout of $33 million from its escrow ac

Management & Corporate Governance

Annica chairman Ong quits just as JLC senior partner goes missing with $33 mil of clients' money

SINGAPORE (May 23): Jeffrey Ong, chairman of Annica Holdings, has quit with immediate effect on May 20. Ong is also the managing partner of boutique law firm JLC Advisors.

Management & Corporate Governance

Allied Tech's $130 mil purchase of dorm operator aborted amid news of missing funds

SINGAPORE (May 23): Precision engineering firm Allied Technologies will not go ahead with the acquisition of dormitory operator Aik Chuan Construction (ACC) and its subsidiaries.

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