Sherman had released a statement on Feb 27saying that his father’s previous two statements “did not present the full picture”. He alleges that he, Philip Lee, Wong Ai Ai and a group of directors were not given the opportunity to present their cases and had to voluntarily offer undertakings.
In the latest news from the City Developments Limited (SGX:C09
) (CDL) saga involving father and son Kwek Leng Beng and Sherman Kwek, the elder Kwek released a third statement on Feb 28.
“Firstly, I maintain that the integrity and governance of CDL are paramount. The allegations made by Sherman regarding the remarks of the court are misleading,” he says.
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