Former Pokka International CEO fined for failing to disclose interest in transactions

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SINGAPORE: The former CEO of Pokka International was on Monday (Aug 22) fined S$15,000 for failing to disclose his interest in three business transactions. Ong Eng Sing, 47 and also

, 47 and also known as Alain Ong, was also barred from acting as a company director or managing a company for two years.

During the same period, he also owned 40 per cent of Asian Story Corporation , another beverage company.These included a distribution agreement and framework between Pokka International and ASC in 2010 and 2017, and a manufacturing agreement between Pokka Corporation and ASC in 2016. He highlighted that Ong did not disclose his interest in ASC at any time during the seven years over which the offences took place.

 

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