According to Fu Yu, some current and former employees have been called to give interviews as part of the investigations.
Fu Yu Corp, facing an EGM requisition bid from its largest shareholder, says it has uncovered unverifiable payments of more than US$2.98 million to an unnamed third party by a subsidiary that is undergoing a risk management processes investigation.
On Feb 6, citing an interim update from an external law firm Damodara Ong, Fu Yu says that this subsidiary Fu Yu Supply Chain Solutions, or FYSCS, paid for services which "did not appear to have been rendered".
