SINGAPORE - He was appointed a director of the company but was not involved in any aspect of its management and affairs.
Investigations by the Commercial Affairs Department revealed that he was one of the directors of Enston Corporate Services, a Singapore-based accounting firm which provides corporate secretarial services. Control of Phima and its bank accounts was relinquished to the foreign director by Eng who also did not monitor the transactions in the bank accounts.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: