Allied Technologies' revelation that about S$33 million of cash held in escrow with law firm JLC Advisors had gone missing raises questions about why that account existed for so long, and how the account held as much as it did.
ALLIED Technologies' revelation that about S$33 million of cash held in escrow with law firm JLC Advisors had gone missing raises questions about why that account existed for so long, and how the account held as much as it did.
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Allied Tech's missing S$33m: Law firm says partner Jeffrey Ong may have ordered withdrawalABOUT S$33 million of missing funds that belonged to Allied Technologies were taken out of an escrow account managed by JLC Advisors, possibly at the instruction of the law firm's managing partner, Jeffrey Ong Su Aun, Allied Tech said on Thursday evening in a filing on the Singapore Exchange. Read more at The Business Times.
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Daily Debrief: What Happened TodayAllied Tech's S$130m RTO of dorm operator called off amid news of missing S$33m at law firm, Singapore's headline inflation edges up in April, core inflation eases
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JLC lawyer told repeatedly to return S$33m before going incommunicadoFOR two months before going incommunicado, Jeffrey Ong Su Aun - the senior lawyer in the middle of the case of S$33 million of missing funds - fended off requests from his client Allied Technologies to return the money. Read more at The Business Times.
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S$33m missing from JLC law firm; lawyer uncontactableIN what could be a record sum involved in such cases, some S$33 million has gone missing from the clients' account of boutique law firm JLC Advisors, where a senior lawyer has at the same time become uncontactable. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »