Ernst & Young (EY) has filed a police report on Novena Global Healthcare Group for signatures the accounting firm allegedly did not make on the healthcare group’s financial statements, according to The Straits Times.
In an article dated September 18, the national broadsheet reported that it understands that the police report was filed on September 16.
Novena Global Healthcare Group’s parent company is Dorr Group. Dorr Group is owned by Terence and Nelson Loh, who were recently in the news for attempting to buy over English football club, Newcastle United, and its doctoring of former US President Barack Obama’s photos to make them look as if he met the founders in a meeting in Paris, France.
See: Axington shares drop 20% following admission of doctored Obama photos by company in Newcastle United takeover bid
According to The Straits Times, Terence Loh said, through his lawyer, that he was aware of the report, but denied any wrong-doing. Nelson Loh could not be reached for comment.
On September 15, Catalist-listed Axington Inc, another company under Dorr Group, updated that the Loh cousins actually own 77.88% in the company and not 92.53%. According to the filing by the company, the reduction in stake was not updated due to an “administrative oversight”.
See also: Axington’s controlling shareholders, citing administrative oversight, belatedly updates stake to 77.9% and Axington chairman Shen and three other directors quit, citing 'public scrutiny' and 'health reasons'
