Ex-director gets jail for concealing S$1.5m fee he stood to gain from business acquisition

📆 17/5/2566 15:45:00
📰 ChannelNewsAsia

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SINGAPORE: A former director of a listed company was sentenced to four years' jail on Wednesday (May 17) for failing to disclose that he would receive a S$1.5 million (US$1.12m) fee if his company bought ove

if his company bought over a medical business.

However, he was convicted at the close of trial. Chong, who was defended by a team of lawyers from Drew & Napier comprising Senior Counsel Cavinder Bull, Adam Maniam, Gerald Tay and Charmaine Yap, is appealing against the conviction and sentence. He was also involved in the structuring of the acquisition and the plans for expanding SOG's aesthetic business after the acquisition.

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