Ex-CEO of Pokka fined $15,000 for not declaring partial ownership of another drinks company

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As the former chief executive of beverage company Pokka International, Ong Eng Sing had to declare his partial ownership of a drinks company

But he did not, and on Monday , the 47-year-old Singaporean was fined $15,000 after pleading guilty to three charges under the Companies Act.

He was also disqualified from acting as a director or taking part in the management of a company for two years. It was previously reported that Ong, whose wife, actress Vivian Lai, used to appear in Pokka advertisements,which is wholly owned by Pokka Corporation , in September 2018. Between 2010 and 2017, he held various positions in the two Pokka entities, including director of both entities, while beneficially owning 40 per cent of shares in drinks company Asian Story Corporation .

The two Pokka entities entered into three agreements with ASC - a distribution agreement in 2010 and a distribution framework in 2017 with Pokka International, and a manufacturing agreement in 2016 with Pokka Corp.

 

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