SINGAPORE - The stepfamily of Mustafa Centre boss Mustaq Ahmad levelled serious allegations against him on Tuesday , accusing him of cheating his father, his stepmother and his step-siblings so that he and wife and children could"line their pockets".
They contended that Mr Mustaq's various wrongdoings have caused an"irretrievable breakdown" in the relationship among the shareholders. Mr Singh contended that from 2000 to 2013, the company's average net profit for each year was about $9.6 million, but no dividends were declared during that period. Mr Singh also accused Mr Mustaq of carrying out sham transactions to siphon money from MMSC and collecting"cashbacks" from employees after making them overstate their salaries in work pass applications.