SINGAPORE (May 26): Lawyers of Chen Wei Ping, Midas’ former executive chairman, have written to its board refuting allegations he had refused to answer questions related to unauthorised loans and corporate guarantees and undisclosed lawsuits involving the company.

In an April 6 announcement, Midas’ nominating committee said Chen was “not suitable to continue as an executive director of the group” since it had not receive any written response from Chen by that time.

In the letter attached to Midas’ Friday night filing, Drew & Napier said the assertions made against Chen in the announcement were incorrect and had sullied his reputation.  

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